Alpha Omega Wealth Management LLC Buys Shares of 11,385 UGI Co. (NYSE:UGI)

Alpha Omega Wealth Management LLC purchased a new position in shares of UGI Co. (NYSE:UGI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,385 shares of the utilities provider’s stock, valued at approximately $261,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American National Bank acquired a new position in UGI during the first quarter worth $27,000. Concord Wealth Partners lifted its position in UGI by 100.0% during the 1st quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $31,000 after buying an additional 637 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of UGI during the 4th quarter worth about $32,000. Transcendent Capital Group LLC bought a new position in shares of UGI in the 4th quarter valued at about $39,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of UGI in the fourth quarter valued at about $40,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UGI shares. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company decreased their target price on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd.

UGI Trading Up 0.8 %

Shares of NYSE:UGI opened at $24.81 on Tuesday. UGI Co. has a 52-week low of $20.19 and a 52-week high of $26.15. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The company has a market capitalization of $5.33 billion, a P/E ratio of -60.50 and a beta of 1.13. The company has a 50-day simple moving average of $23.67 and a 200 day simple moving average of $24.16.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.12. UGI had a return on equity of 15.65% and a net margin of 9.13%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. The business’s quarterly revenue was down 16.8% compared to the same quarter last year. Sell-side analysts forecast that UGI Co. will post 2.92 earnings per share for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.05%. The ex-dividend date is Monday, September 16th. UGI’s payout ratio is -365.84%.

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.