Applied Finance Capital Management LLC Has $310,000 Position in UGI Co. (NYSE:UGI)

Applied Finance Capital Management LLC raised its position in UGI Co. (NYSE:UGIFree Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,583 shares of the utilities provider’s stock after buying an additional 503 shares during the quarter. Applied Finance Capital Management LLC’s holdings in UGI were worth $310,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina grew its stake in shares of UGI by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 91,762 shares of the utilities provider’s stock valued at $2,111,000 after acquiring an additional 470 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of UGI by 2.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 21,623 shares of the utilities provider’s stock worth $497,000 after purchasing an additional 526 shares in the last quarter. Jacobi Capital Management LLC increased its holdings in shares of UGI by 1.9% during the third quarter. Jacobi Capital Management LLC now owns 33,036 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 621 shares during the period. Fulton Bank N.A. raised its position in shares of UGI by 3.6% in the fourth quarter. Fulton Bank N.A. now owns 18,171 shares of the utilities provider’s stock valued at $447,000 after buying an additional 634 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of UGI by 0.7% in the fourth quarter. Yousif Capital Management LLC now owns 103,131 shares of the utilities provider’s stock valued at $2,537,000 after buying an additional 678 shares during the period. Institutional investors own 82.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UGI shares. StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Mizuho upped their price objective on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Wells Fargo & Company decreased their target price on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. Finally, TheStreet raised shares of UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st.

Read Our Latest Report on UGI

UGI Price Performance

NYSE:UGI traded down $0.24 during trading hours on Friday, hitting $24.77. The company’s stock had a trading volume of 1,236,030 shares, compared to its average volume of 2,613,319. UGI Co. has a twelve month low of $20.19 and a twelve month high of $29.76. 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 stock has a fifty day simple moving average of $24.67 and a 200-day simple moving average of $23.74. The company has a market capitalization of $5.19 billion, a P/E ratio of -60.43 and a beta of 1.13.

UGI (NYSE:UGIGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.32. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $3.07 billion. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. The firm’s quarterly revenue was down 20.6% compared to the same quarter last year. During the same period last year, the company posted $1.68 EPS. On average, analysts anticipate that UGI Co. will post 2.91 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend is Friday, June 14th. UGI’s payout ratio is -365.85%.

UGI Profile

(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.

See Also

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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