Quadrature Capital Ltd Sells 19,680 Shares of UGI Co. (NYSE:UGI)

Quadrature Capital Ltd reduced its holdings in UGI Co. (NYSE:UGIFree Report) by 27.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,152 shares of the utilities provider’s stock after selling 19,680 shares during the quarter. Quadrature Capital Ltd’s holdings in UGI were worth $1,308,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in UGI. Janney Montgomery Scott LLC raised its holdings in UGI by 10.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 248,155 shares of the utilities provider’s stock worth $5,708,000 after purchasing an additional 23,289 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 buying an additional 86,424 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in UGI by 72.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 42,097 shares of the utilities provider’s stock worth $968,000 after buying an additional 17,722 shares during the period. Pathstone Family Office LLC lifted its holdings in UGI by 149.8% in the third quarter. Pathstone Family Office LLC now owns 45,107 shares of the utilities provider’s stock worth $1,038,000 after buying an additional 27,048 shares during the period. Finally, UBS Group AG lifted its holdings in UGI by 142.0% in the third quarter. UBS Group AG now owns 336,759 shares of the utilities provider’s stock worth $7,745,000 after buying an additional 197,594 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. Mizuho raised 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. StockNews.com upgraded shares of UGI from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd.

Check Out Our Latest Analysis on UGI

UGI Price Performance

UGI stock opened at $23.26 on Tuesday. The firm has a 50 day moving average price of $24.63 and a 200-day moving average price of $24.07. UGI Co. has a 52-week low of $20.19 and a 52-week high of $29.72. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of -56.73 and a beta of 1.14. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.21.

UGI (NYSE:UGIGet Free Report) last released its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.32. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the business earned $1.68 earnings per share. The business’s revenue was down 20.6% on a year-over-year basis. Equities research analysts forecast that UGI Co. will post 2.92 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend is Friday, June 14th. UGI’s dividend payout ratio (DPR) is currently -365.84%.

About UGI

(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.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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