UGI Co. (NYSE:UGI) Shares Sold by Spirit of America Management Corp NY

Spirit of America Management Corp NY reduced its holdings in UGI Co. (NYSE:UGI) by 17.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,000 shares of the utilities provider’s stock after selling 3,000 shares during the period. Spirit of America Management Corp NY’s holdings in UGI were worth $344,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Occidental Asset Management LLC boosted its stake in shares of UGI by 247.8% in the fourth quarter. Occidental Asset Management LLC now owns 58,309 shares of the utilities provider’s stock worth $1,434,000 after acquiring an additional 41,546 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of UGI by 32.6% in the fourth quarter. Global Retirement Partners LLC now owns 4,425 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 1,089 shares during the last quarter. Good Life Advisors LLC purchased a new position in UGI during the fourth quarter worth approximately $221,000. Pacer Advisors Inc. lifted its position in UGI by 79.5% during the fourth quarter. Pacer Advisors Inc. now owns 31,489 shares of the utilities provider’s stock worth $775,000 after buying an additional 13,944 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in UGI by 10.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 47,914 shares of the utilities provider’s stock worth $1,179,000 after buying an additional 4,725 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on UGI. TheStreet upgraded UGI from a “d+” rating to a “c-” rating in a research report on Wednesday, February 21st. Wells Fargo & Company downgraded UGI from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $27.00 to $28.00 in a research report on Thursday, March 14th. Finally, Mizuho reduced their price objective on UGI from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, January 18th.

UGI Stock Up 1.6 %

Shares of NYSE UGI opened at $24.54 on Monday. UGI Co. has a twelve month low of $20.19 and a twelve month high of $35.47. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. The stock has a fifty day simple moving average of $24.08 and a 200-day simple moving average of $23.15.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.98 billion. As a group, sell-side analysts expect that UGI Co. will post 2.9 earnings per share for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.50 annualized dividend and a yield of 6.11%. UGI’s payout ratio is -68.18%.

About UGI

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.