5,535 Shares in UGI Co. (NYSE:UGI) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of UGI Co. (NYSE:UGI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,535 shares of the utilities provider’s stock, valued at approximately $136,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in UGI by 3.1% in the third quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock worth $604,255,000 after purchasing 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 worth $66,810,000 after acquiring an additional 2,423,713 shares during the period. Federated Hermes Inc. boosted its holdings in shares of UGI by 67.0% in the third quarter. Federated Hermes Inc. now owns 2,372,182 shares of the utilities provider’s stock valued at $54,560,000 after acquiring an additional 951,405 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of UGI by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,482,010 shares of the utilities provider’s stock valued at $34,086,000 after acquiring an additional 86,424 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in UGI by 309.1% during 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 own 82.34% of the company’s stock.

UGI Stock Performance

Shares of NYSE UGI opened at $25.72 on Tuesday. UGI Co. has a 52-week low of $20.19 and a 52-week high of $34.26. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of -11.69 and a beta of 1.16. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. The stock’s fifty day simple moving average is $24.58 and its 200 day simple moving average is $23.41.

UGI (NYSE:UGI) last issued its quarterly 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. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.98 billion. As a group, sell-side analysts forecast that UGI Co. will post 2.9 earnings per share for the current fiscal year.

UGI Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on UGI. StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. TheStreet upgraded 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 note on Wednesday, April 17th. Finally, Wells Fargo & Company lowered shares of UGI from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $27.00 to $28.00 in a research note on Thursday, March 14th.

UGI Company 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.