32,423 Shares in UGI Co. (NYSE:UGI) Purchased by Seven Eight Capital LP

Seven Eight Capital LP bought a new stake in shares of UGI Co. (NYSE:UGIFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 32,423 shares of the utilities provider’s stock, valued at approximately $798,000.

A number of other large investors also recently made changes to their positions in the business. Stolper Co acquired a new stake in shares of UGI during the fourth quarter worth approximately $1,927,000. Comerica Bank boosted its stake in shares of UGI by 316.5% during the 3rd quarter. Comerica Bank now owns 179,049 shares of the utilities provider’s stock valued at $4,118,000 after buying an additional 136,058 shares during the period. Occidental Asset Management LLC grew its holdings in shares of UGI by 247.8% during the 4th quarter. Occidental Asset Management LLC now owns 58,309 shares of the utilities provider’s stock valued at $1,434,000 after acquiring an additional 41,546 shares in the last quarter. Jump Financial LLC increased its stake in shares of UGI by 62.5% in the fourth quarter. Jump Financial LLC now owns 356,432 shares of the utilities provider’s stock worth $8,768,000 after acquiring an additional 137,114 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of UGI by 3.1% during the third quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock worth $604,255,000 after acquiring an additional 781,929 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Wells Fargo & Company lowered their price target on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd. Mizuho raised their price objective on shares of UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Finally, TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st.

Read Our Latest Report on UGI

UGI Price Performance

Shares of NYSE:UGI opened at $23.26 on Tuesday. The stock has a market capitalization of $4.88 billion, a P/E ratio of -56.73 and a beta of 1.14. The business has a 50-day moving average of $24.63 and a two-hundred day moving average of $24.07. UGI Co. has a fifty-two week low of $20.19 and a fifty-two week high of $29.72. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.21 and a quick ratio of 1.01.

UGI (NYSE:UGIGet Free Report) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.32. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $3.07 billion. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. The company’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 EPS. On average, equities research analysts predict 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. Shareholders of record on Friday, June 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Friday, June 14th. UGI’s dividend payout ratio (DPR) is -365.84%.

UGI Company Profile

(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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