Vontobel Holding Ltd. Lowers Position in UGI Co. (NYSE:UGI)
Vontobel Holding Ltd. Lowers Position in UGI Co. (NYSE:UGI)Vontobel Holding Ltd降低了在UGI公司的地位（纽约证券交易所代码：UGI）
Vontobel Holding Ltd. lessened its position in UGI Co. (NYSE:UGI – Get Rating) by 18.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,773 shares of the utilities provider's stock after selling 1,934 shares during the quarter. Vontobel Holding Ltd.'s holdings in UGI were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE raised its stake in UGI by 35.2% during the first quarter. US Bancorp DE now owns 16,028 shares of the utilities provider's stock valued at $580,000 after buying an additional 4,176 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in UGI by 13.8% during the first quarter. Cetera Advisor Networks LLC now owns 13,366 shares of the utilities provider's stock valued at $484,000 after buying an additional 1,618 shares during the last quarter. Bank of Montreal Can raised its stake in UGI by 7.9% during the first quarter. Bank of Montreal Can now owns 74,002 shares of the utilities provider's stock valued at $2,704,000 after buying an additional 5,396 shares during the last quarter. Panagora Asset Management Inc. raised its stake in UGI by 23.0% during the first quarter. Panagora Asset Management Inc. now owns 38,633 shares of the utilities provider's stock valued at $1,399,000 after buying an additional 7,225 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of UGI by 7.3% in the first quarter. Great West Life Assurance Co. Can now owns 173,055 shares of the utilities provider's stock worth $6,489,000 after purchasing an additional 11,826 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.
Get UGI alerts:UGI Stock Performance
Shares of UGI opened at $42.62 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.56 and a quick ratio of 1.28. UGI Co. has a one year low of $31.19 and a one year high of $45.16. The firm has a market capitalization of $8.94 billion, a P/E ratio of 48.43, a PEG ratio of 1.70 and a beta of 1.07. The business has a fifty day moving average of $38.77 and a 200 day moving average of $37.99.
UGI (NYSE:UGI – Get Rating) last issued its quarterly earnings data on Wednesday, February 1st. 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 11.31% and a net margin of 2.12%. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. UGI's revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that UGI Co. will post 2.97 EPS for the current year.UGI Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.38%. The ex-dividend date is Tuesday, March 14th. UGI's dividend payout ratio is presently 163.64%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on UGI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 10th. TheStreet upgraded UGI from a "c+" rating to a "b-" rating in a research note on Thursday, December 22nd. Barclays boosted their price target on UGI from $39.00 to $40.00 and gave the stock an "underweight" rating in a research note on Thursday. Bank of America cut UGI from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $43.00 to $41.00 in a research note on Wednesday, November 23rd. Finally, StockNews.com assumed coverage on UGI in a research note on Wednesday, October 12th. They issued a "hold" rating for the company. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.00.
About UGI
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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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