UGI Co. (NYSE:UGI) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its stake in UGI Co. (NYSE:UGI) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,596 shares of the utilities provider’s stock after acquiring an additional 13,848 shares during the period. Raymond James & Associates owned 0.06% of UGI worth $3,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in UGI. Stonebridge Capital Advisors LLC boosted its stake in UGI by 165.4% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 430 shares during the period. ICA Group Wealth Management LLC purchased a new position in shares of UGI during the fourth quarter worth about $29,000. UniSuper Management Pty Ltd acquired a new position in UGI in the 2nd quarter valued at about $40,000. Fifth Third Bancorp raised its stake in UGI by 92.8% during the 3rd quarter. Fifth Third Bancorp now owns 2,075 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 999 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in UGI by 1,379.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,346 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 1,255 shares during the period. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Trading Down 2.3 %

NYSE:UGI opened at $23.46 on Friday. UGI Co. has a 1 year low of $20.19 and a 1 year high of $35.18. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98. The stock has a fifty day moving average price of $24.34 and a two-hundred day moving average price of $23.17. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of -10.66 and a beta of 1.16.

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

UGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.39%. UGI’s payout ratio is -68.18%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Mizuho cut their price target on UGI from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, January 18th. StockNews.com upgraded shares of UGI from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. Wells Fargo & Company lowered shares of UGI from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $27.00 to $28.00 in a research note on Thursday, March 14th. Finally, TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a research report on Wednesday, February 21st.

About UGI

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.