UGI Co. (NYSE:UGI) Stake Boosted by Signaturefd LLC

Signaturefd LLC increased its stake in UGI Co. (NYSE:UGI) by 7.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,885 shares of the utilities provider’s stock after acquiring an additional 531 shares during the period. Signaturefd LLC’s holdings in UGI were worth $197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UGI. Wealth Enhancement Advisory Services LLC increased its stake in shares of UGI by 25.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,844 shares of the utilities provider’s stock valued at $561,000 after purchasing an additional 4,597 shares during the period. State of Michigan Retirement System increased its position in UGI by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 51,458 shares of the utilities provider’s stock valued at $1,263,000 after acquiring an additional 1,200 shares during the period. Abundance Wealth Counselors increased its position in UGI by 40.6% in the 1st quarter. Abundance Wealth Counselors now owns 23,893 shares of the utilities provider’s stock valued at $586,000 after acquiring an additional 6,903 shares during the period. Concord Wealth Partners raised its stake in UGI by 100.0% during the 1st quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 637 shares in the last quarter. Finally, Fairman Group LLC bought a new position in shares of UGI in the first quarter worth $44,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Trading Down 0.4 %

Shares of UGI stock opened at $24.63 on Monday. The business has a fifty day simple moving average of $24.48 and a 200-day simple moving average of $24.17. UGI Co. has a fifty-two week low of $20.32 and a fifty-two week high of $26.15. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of -60.07 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34.

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

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.09%. UGI’s dividend payout ratio (DPR) is presently -365.85%.

Wall Street Analysts Forecast Growth

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

UGI Profile

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.