Stratos Wealth Partners LTD. Reduces Stock Position in UGI Corporation (NYSE:UGI)

Stratos Wealth Partners LTD. lowered its holdings in shares of UGI Corporation (NYSE:UGI) by 12.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,244 shares of the utilities provider’s stock after selling 2,070 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in UGI were worth $504,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new position in UGI during the 1st quarter valued at $338,000. Red Door Wealth Management LLC purchased a new position in UGI during the 1st quarter valued at $230,000. Jump Financial LLC grew its stake in UGI by 190.8% in the fourth quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider’s stock worth $964,000 after purchasing an additional 22,411 shares in the last quarter. Meritage Portfolio Management bought a new position in UGI in the first quarter worth approximately $5,176,000. Finally, SG Americas Securities LLC bought a new position in UGI in the first quarter worth approximately $1,124,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Trading Up 2.0%

UGI opened at $36.29 on Tuesday. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 2.19 and a beta of 1.05. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. UGI Corporation has a 12 month low of $23.09 and a 12 month high of $36.74. The stock has a fifty day moving average price of $35.65 and a 200-day moving average price of $33.08.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping the consensus estimate of $1.80 by $0.41. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $3.26 billion. UGI had a return on equity of 16.21% and a net margin of 7.28%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.97 EPS. As a group, equities research analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 16th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.50 annualized dividend and a yield of 4.13%. UGI’s dividend payout ratio (DPR) is 61.73%.

Analysts Set New Price Targets

UGI has been the subject of a number of research analyst reports. Wall Street Zen raised UGI from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 14th. Mizuho lifted their target price on UGI from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th.

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.