Gamco Investors INC. ET AL Has $1.90 Million Stake in UGI Co. (NYSE:UGI)

Gamco Investors INC. ET AL lessened its stake in UGI Co. (NYSE:UGIFree Report) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,753 shares of the utilities provider’s stock after selling 696 shares during the quarter. Gamco Investors INC. ET AL’s holdings in UGI were worth $1,903,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in UGI. US Bancorp DE raised its position in shares of UGI by 35.2% in the first quarter. US Bancorp DE now owns 16,028 shares of the utilities provider’s stock valued at $580,000 after purchasing an additional 4,176 shares during the period. Cetera Advisor Networks LLC raised its position in shares of UGI by 13.8% in the first quarter. Cetera Advisor Networks LLC now owns 13,366 shares of the utilities provider’s stock valued at $484,000 after purchasing an additional 1,618 shares during the period. Bank of Montreal Can raised its position in shares of UGI by 7.9% in the first quarter. Bank of Montreal Can now owns 74,002 shares of the utilities provider’s stock valued at $2,704,000 after purchasing an additional 5,396 shares during the period. Panagora Asset Management Inc. raised its position in shares of UGI by 23.0% in the first quarter. Panagora Asset Management Inc. now owns 38,633 shares of the utilities provider’s stock valued at $1,399,000 after purchasing an additional 7,225 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in shares of UGI by 7.3% in the first quarter. Great West Life Assurance Co. Can now owns 173,055 shares of the utilities provider’s stock valued at $6,489,000 after purchasing an additional 11,826 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

UGI Price Performance

NYSE:UGI opened at $23.58 on Friday. UGI Co. has a 52 week low of $20.19 and a 52 week high of $39.98. The firm’s 50-day simple moving average is $23.53 and its 200 day simple moving average is $23.17. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59.

UGI (NYSE:UGIGet Free Report) last released its earnings results on Thursday, November 16th. The utilities provider reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $2.02 billion. On average, analysts forecast that UGI Co. will post 2.84 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 6.36%. The ex-dividend date is Thursday, March 14th. UGI’s dividend payout ratio is currently -68.18%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Mizuho dropped their price objective on shares of UGI from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, January 18th. StockNews.com raised shares of UGI from a “sell” rating to a “hold” rating in a research report on Thursday, November 23rd.

Check Out Our Latest Stock Analysis on UGI

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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