UGI Co. (NYSE:UGI) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in UGI Co. (NYSE:UGI) by 29.3% during the third quarter, HoldingsChannel reports. The firm owned 12,017 shares of the utilities provider’s stock after selling 4,973 shares during the quarter. Private Advisor Group LLC’s holdings in UGI were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of UGI. Whittier Trust Co. increased its holdings in shares of UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 598 shares during the period. Hantz Financial Services Inc. acquired a new position in UGI during the second quarter worth $32,000. Duncker Streett & Co. Inc. acquired a new position in UGI during the second quarter worth $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in UGI during the second quarter worth $40,000. Finally, Abich Financial Wealth Management LLC acquired a new position in UGI during the first quarter worth $44,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Stock Up 2.0 %

UGI stock opened at $23.92 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. UGI Co. has a fifty-two week low of $20.32 and a fifty-two week high of $26.15. The stock’s fifty day moving average is $24.38 and its two-hundred day moving average is $24.17. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 7.67 and a beta of 1.13.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.12. UGI had a return on equity of 15.65% and a net margin of 9.13%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.73 billion. UGI’s quarterly revenue was down 16.8% compared to the same quarter last year. Analysts predict that UGI Co. will post 2.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UGI. Wells Fargo & Company upped their price objective on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

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.