AM Squared Ltd Lowers Position in UGI Co. (NYSE:UGI)

AM Squared Ltd lessened its stake in UGI Co. (NYSE:UGI) by 15.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,900 shares of the utilities provider’s stock after selling 9,800 shares during the quarter. UGI makes up about 1.4% of AM Squared Ltd’s investment portfolio, making the stock its 12th largest position. AM Squared Ltd’s holdings in UGI were worth $1,804,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Stone House Investment Management LLC purchased a new stake in UGI during the first quarter valued at $25,000. BerganKDV Wealth Management LLC raised its stake in UGI by 189.8% during the first quarter. BerganKDV Wealth Management LLC now owns 742 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 486 shares in the last quarter. Stonebridge Capital Advisors LLC raised its stake in UGI by 165.4% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 430 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in UGI during the fourth quarter valued at $28,000. Finally, ICA Group Wealth Management LLC purchased a new stake in UGI during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

UGI Trading Up 0.2 %

NYSE UGI opened at $23.84 on Wednesday. The company’s 50-day moving average price is $24.99 and its 200-day moving average price is $29.31. The company has a current ratio of 0.98, a quick ratio of 0.78 and a debt-to-equity ratio of 1.56. The stock has a market cap of $4.99 billion, a PE ratio of -3.58, a PEG ratio of 1.09 and a beta of 1.06. UGI Co. has a 12 month low of $22.44 and a 12 month high of $43.19.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date is Thursday, September 14th. UGI’s payout ratio is presently -22.52%.

Wall Street Analyst Weigh In

UGI has been the topic of several recent analyst reports. Mizuho reduced their target price on shares of UGI from $33.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday. Wells Fargo & Company raised shares of UGI from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $28.00 to $27.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. StockNews.com downgraded shares of UGI from a “hold” rating to a “sell” rating in a research note on Monday, September 4th. Finally, TheStreet downgraded shares of UGI from a “c” rating to a “d+” rating in a research note on Friday, August 11th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.50.

UGI Company Profile

UGI Corporation, through 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.