Yousif Capital Management LLC Has $2.54 Million Holdings in UGI Co. (NYSE:UGI)

Yousif Capital Management LLC lifted its stake in UGI Co. (NYSE:UGI) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,131 shares of the utilities provider’s stock after acquiring an additional 678 shares during the period. Yousif Capital Management LLC’s holdings in UGI were worth $2,537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Edmp Inc. increased its holdings in shares of UGI by 24.0% during the 3rd quarter. Edmp Inc. now owns 106,313 shares of the utilities provider’s stock worth $2,445,000 after purchasing an additional 20,569 shares during the period. Raymond James & Associates grew its position in UGI by 26.2% during the third quarter. Raymond James & Associates now owns 111,748 shares of the utilities provider’s stock worth $2,570,000 after buying an additional 23,219 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in UGI by 20.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 43,189 shares of the utilities provider’s stock valued at $993,000 after acquiring an additional 7,426 shares during the period. Bailard Inc. acquired a new position in UGI in the 3rd quarter valued at approximately $323,000. Finally, Reinhart Partners LLC. lifted its position in shares of UGI by 30.2% in the 3rd quarter. Reinhart Partners LLC. now owns 571,751 shares of the utilities provider’s stock worth $13,150,000 after acquiring an additional 132,450 shares during the period. Institutional investors own 82.34% of the company’s stock.

UGI Price Performance

Shares of NYSE UGI opened at $25.72 on Tuesday. The business has a fifty day moving average of $24.58 and a two-hundred day moving average of $23.41. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.98 and a quick ratio of 0.79. UGI Co. has a 52-week low of $20.19 and a 52-week high of $34.26.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. As a group, research analysts forecast that UGI Co. will post 2.9 EPS for the current year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors 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 yield of 5.83%. UGI’s dividend payout ratio (DPR) is presently -68.18%.

Analysts Set New Price Targets

UGI has been the topic of a number of research reports. Mizuho boosted their price objective on UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. StockNews.com lowered shares of UGI from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Wells Fargo & Company cut shares of UGI from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $27.00 to $28.00 in a research note on Thursday, March 14th. Finally, TheStreet raised shares of UGI from a “d+” rating to a “c-” rating in a research report on Wednesday, February 21st.

UGI Company 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.