Greenleaf Trust Sells 1,987 Shares of UGI Co. (NYSE:UGI)

Greenleaf Trust cut its holdings in UGI Co. (NYSE:UGI) by 19.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,286 shares of the utilities provider’s stock after selling 1,987 shares during the period. Greenleaf Trust’s holdings in UGI were worth $204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stolper Co purchased a new position in UGI during the fourth quarter valued at $1,927,000. Comerica Bank raised its holdings in shares of UGI by 316.5% in the 3rd quarter. Comerica Bank now owns 179,049 shares of the utilities provider’s stock valued at $4,118,000 after purchasing an additional 136,058 shares in the last quarter. Occidental Asset Management LLC grew its position in shares of UGI by 247.8% in the 4th quarter. Occidental Asset Management LLC now owns 58,309 shares of the utilities provider’s stock worth $1,434,000 after buying an additional 41,546 shares during the last quarter. Vanguard Group Inc. grew its position in shares of UGI by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock worth $604,255,000 after buying an additional 781,929 shares during the last quarter. Finally, Algert Global LLC grew its position in shares of UGI by 644.3% in the 3rd quarter. Algert Global LLC now owns 209,661 shares of the utilities provider’s stock worth $4,822,000 after buying an additional 181,491 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Price Performance

Shares of NYSE UGI opened at $25.73 on Friday. The company’s fifty day moving average price is $24.53 and its 200 day moving average price is $23.33. UGI Co. has a 1 year low of $20.19 and a 1 year high of $34.26. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.98 and a quick ratio of 0.79.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. Equities analysts forecast that UGI Co. will post 2.9 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend was Thursday, March 14th. UGI’s dividend payout ratio is currently -68.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. TheStreet raised shares of UGI from a “d+” rating to a “c-” rating in a research report on Wednesday, February 21st. Mizuho lifted 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. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Finally, Wells Fargo & Company downgraded shares of UGI from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $27.00 to $28.00 in a research report on Thursday, March 14th.

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.