Wells Fargo & Company MN lowered its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 13.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 447,866 shares of the utilities provider's stock after selling 67,758 shares during the period. Wells Fargo & Company MN owned about 0.21% of UGI worth $11,018,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Treasurer of the State of North Carolina increased its stake in UGI by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 91,762 shares of the utilities provider's stock worth $2,111,000 after buying an additional 470 shares in the last quarter. Applied Finance Capital Management LLC increased its position in shares of UGI by 4.2% during the fourth quarter. Applied Finance Capital Management LLC now owns 12,583 shares of the utilities provider's stock worth $310,000 after purchasing an additional 503 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in UGI by 2.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 21,623 shares of the utilities provider's stock valued at $497,000 after purchasing an additional 526 shares during the last quarter. Jacobi Capital Management LLC lifted its holdings in UGI by 1.9% in the 3rd quarter. Jacobi Capital Management LLC now owns 33,036 shares of the utilities provider's stock valued at $760,000 after purchasing an additional 621 shares in the last quarter. Finally, Fulton Bank N.A. boosted its stake in UGI by 3.6% during the 4th quarter. Fulton Bank N.A. now owns 18,171 shares of the utilities provider's stock worth $447,000 after purchasing an additional 634 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on UGI. StockNews.com raised shares of UGI from a "hold" rating to a "buy" rating in a research note on Friday, May 3rd. TheStreet upgraded UGI from a "d+" rating to a "c-" rating in a report on Wednesday, February 21st. Wells Fargo & Company cut their price target on UGI from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Friday, May 3rd. Finally, Mizuho boosted their price objective on UGI from $26.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 17th.
Read Our Latest Stock Analysis on UGI
UGI Stock Performance
UGI stock opened at $25.30 on Tuesday. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of -61.71 and a beta of 1.14. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.21 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $24.67 and a 200-day simple moving average of $24.02. UGI Co. has a 1-year low of $20.19 and a 1-year high of $29.76.
UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.32. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. The company had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $3.07 billion. During the same quarter last year, the firm earned $1.68 earnings per share. The firm's quarterly revenue was down 20.6% compared to the same quarter last year. On average, analysts expect that UGI Co. will post 2.92 EPS for the current year.
UGI Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.375 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.50 dividend on an annualized basis and a yield of 5.93%. UGI's payout ratio is currently -365.84%.
About UGI
(Free Report)
UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.
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