CWA Asset Management Group LLC Boosts Stake in UGI Co. (NYSE:UGI)

CWA Asset Management Group LLC increased its position in UGI Co. (NYSE:UGI) by 25.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,843 shares of the utilities provider’s stock after purchasing an additional 3,847 shares during the quarter. CWA Asset Management Group LLC’s holdings in UGI were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of UGI by 42.0% during the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after buying an additional 2,786,878 shares in the last quarter. Geode Capital Management LLC lifted its position in UGI by 33.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock valued at $127,246,000 after acquiring an additional 1,202,938 shares during the period. Federated Hermes Inc. boosted its stake in UGI by 28.7% during the second quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock worth $81,014,000 after acquiring an additional 788,457 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in UGI by 47.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after purchasing an additional 808,113 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of UGI by 84.9% during the second quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock valued at $55,991,000 after purchasing an additional 1,122,766 shares in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group began coverage on UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Mizuho raised UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

UGI Stock Performance

UGI stock opened at $28.42 on Thursday. The stock’s 50 day simple moving average is $26.97 and its 200 day simple moving average is $25.12. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48. UGI Co. has a 12-month low of $21.67 and a 12-month high of $30.48. The stock has a market capitalization of $6.10 billion, a PE ratio of 22.92 and a beta of 1.21.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date was Monday, December 16th. UGI’s payout ratio is currently 120.97%.

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.