Cambridge Investment Research Advisors Inc. Lowers Holdings in UGI Co. (NYSE:UGI)

Cambridge Investment Research Advisors Inc. lowered its holdings in shares of UGI Co. (NYSE:UGIFree Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,001 shares of the utilities provider’s stock after selling 2,090 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in UGI were worth $1,427,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Stolper Co purchased a new position in shares of UGI in the fourth quarter valued at approximately $1,927,000. Comerica Bank lifted its position in shares of UGI by 316.5% in the third quarter. Comerica Bank now owns 179,049 shares of the utilities provider’s stock valued at $4,118,000 after acquiring an additional 136,058 shares in the last quarter. Occidental Asset Management LLC lifted its position in shares of UGI by 247.8% in the fourth quarter. Occidental Asset Management LLC now owns 58,309 shares of the utilities provider’s stock valued at $1,434,000 after acquiring an additional 41,546 shares in the last quarter. Jump Financial LLC lifted its position in shares of UGI by 62.5% in the fourth quarter. Jump Financial LLC now owns 356,432 shares of the utilities provider’s stock valued at $8,768,000 after acquiring an additional 137,114 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 781,929 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Price Performance

UGI stock opened at $22.99 on Friday. The business has a fifty day moving average of $24.67 and a two-hundred day moving average of $24.03. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 1.44. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of -56.07 and a beta of 1.14. UGI Co. has a 52-week low of $20.19 and a 52-week high of $29.76.

UGI (NYSE:UGIGet Free Report) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $3.07 billion. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. The firm’s quarterly revenue was down 20.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 earnings per share. As a group, research analysts anticipate that UGI Co. will post 2.92 earnings per share for the current year.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.52%. UGI’s payout ratio is presently -365.84%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UGI shares. TheStreet upgraded UGI from a “d+” rating to a “c-” rating in a research report on Wednesday, February 21st. Wells Fargo & Company cut their price target on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. StockNews.com raised UGI from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Mizuho increased their price target on UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th.

View Our Latest Research Report on UGI

UGI Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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