Yousif Capital Management LLC Has $2.54 Million Stake in UGI Co. (NYSE:UGI)

Yousif Capital Management LLC grew its position in UGI Co. (NYSE:UGI) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 103,131 shares of the utilities provider’s stock after buying an additional 678 shares during the period. Yousif Capital Management LLC’s holdings in UGI were worth $2,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in UGI by 3.1% in the third 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 holdings in UGI by 503.8% during 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. increased its holdings in shares of UGI by 5.5% in the fourth quarter. Federated Hermes Inc. now owns 2,502,192 shares of the utilities provider’s stock valued at $61,554,000 after purchasing an additional 130,010 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 valued at $34,086,000 after purchasing an additional 86,424 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of UGI by 309.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,175,347 shares of the utilities provider’s stock worth $27,033,000 after buying an additional 888,072 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

UGI Trading Up 1.3 %

Shares of NYSE:UGI opened at $25.72 on Tuesday. UGI Co. has a 12-month low of $20.19 and a 12-month high of $34.26. The company’s 50 day moving average price is $24.58 and its two-hundred day moving average price is $23.41. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share (EPS) 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 business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.98 billion. As a group, sell-side analysts predict that UGI Co. will post 2.9 earnings per share for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 5.83%. The ex-dividend date was Thursday, March 14th. UGI’s dividend payout ratio (DPR) is currently -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.