First Trust Advisors LP grew its stake in shares of UGI Co. (NYSE:UGI – Get Rating) by 10.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,558,010 shares of the utilities provider's stock after buying an additional 246,811 shares during the period. First Trust Advisors LP owned 1.22% of UGI worth $82,701,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of UGI. Private Trust Co. NA purchased a new position in UGI during the second quarter worth $44,000. Allworth Financial LP grew its position in shares of UGI by 57.4% in the third quarter. Allworth Financial LP now owns 1,440 shares of the utilities provider's stock valued at $47,000 after purchasing an additional 525 shares during the period. Concourse Financial Group Securities Inc. grew its position in shares of UGI by 46.7% in the second quarter. Concourse Financial Group Securities Inc. now owns 1,276 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 406 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in shares of UGI in the third quarter valued at $50,000. Finally, Ronald Blue Trust Inc. purchased a new stake in shares of UGI in the second quarter valued at $54,000. Hedge funds and other institutional investors own 80.93% of the company's stock.
Get UGI alerts:UGI Trading Up 0.8 %
Shares of UGI opened at $37.60 on Friday. The stock's 50-day moving average is $39.12 and its two-hundred day moving average is $37.64. The stock has a market cap of $7.88 billion, a PE ratio of 42.73, a P/E/G ratio of 1.58 and a beta of 1.08. UGI Co. has a 12 month low of $31.19 and a 12 month high of $44.54. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.02 and a quick ratio of 0.84.
UGI (NYSE:UGI – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The utilities provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.06 by $0.08. UGI had a return on equity of 11.76% and a net margin of 2.12%. The business had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.81 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company's revenue was up 3.2% compared to the same quarter last year. Equities analysts forecast that UGI Co. will post 2.96 earnings per share for the current fiscal year.
UGI Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Investors of record on Wednesday, March 15th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Tuesday, March 14th. UGI's dividend payout ratio (DPR) is 163.64%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on UGI shares. Wells Fargo & Company lifted their price objective on UGI from $41.00 to $42.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 10th. Bank of America cut UGI from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $43.00 to $41.00 in a report on Wednesday, November 23rd. Barclays lifted their target price on UGI from $39.00 to $40.00 and gave the company an "underweight" rating in a report on Thursday, February 2nd. Finally, TheStreet upgraded UGI from a "c+" rating to a "b-" rating in a report on Thursday, December 22nd. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $41.00.
UGI Profile
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UGI Corp. is a holding company, which engages in the distribution and marketing of energy products and services. It operates through the following segments: AmeriGas Propane, UGI International, Midstream and Marketing, and Utilities. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P.
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