Signaturefd LLC Has $163,000 Position in UGI Co. (NYSE:UGI)

Signaturefd LLC lowered its stake in shares of UGI Co. (NYSE:UGI) by 41.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,631 shares of the utilities provider’s stock after selling 4,601 shares during the period. Signaturefd LLC’s holdings in UGI were worth $163,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of UGI by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock valued at $604,255,000 after buying an additional 781,929 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of UGI by 503.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,904,763 shares of the utilities provider’s stock valued at $66,810,000 after purchasing an additional 2,423,713 shares during the last quarter. Federated Hermes Inc. boosted its holdings in UGI by 5.5% in the fourth quarter. Federated Hermes Inc. now owns 2,502,192 shares of the utilities provider’s stock worth $61,554,000 after purchasing an additional 130,010 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in UGI by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,482,010 shares of the utilities provider’s stock worth $34,086,000 after purchasing an additional 86,424 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in UGI by 309.1% in the third quarter. Qube Research & Technologies Ltd now owns 1,175,347 shares of the utilities provider’s stock worth $27,033,000 after purchasing an additional 888,072 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company cut shares of UGI from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $27.00 to $28.00 in a report on Thursday, March 14th. Mizuho upped their price objective on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. Finally, StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a report on Thursday, April 18th.

UGI Trading Down 1.4 %

UGI stock opened at $25.38 on Monday. 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 Co. has a fifty-two week low of $20.19 and a fifty-two week high of $34.26. The firm has a fifty day moving average price of $24.56 and a two-hundred day moving average price of $23.38.

UGI (NYSE:UGI) last released its earnings results on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. On average, research analysts anticipate that UGI Co. will post 2.9 EPS for the current year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend was Thursday, March 14th. UGI’s dividend payout ratio is -68.18%.

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.