Captrust Financial Advisors Lowers Stake in UGI Co. (NYSE:UGI)

Captrust Financial Advisors lowered its stake in shares of UGI Co. (NYSE:UGI) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,995 shares of the utilities provider’s stock after selling 1,952 shares during the quarter. Captrust Financial Advisors’ holdings in UGI were worth $282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in UGI. Altshuler Shaham Ltd purchased a new stake in shares of UGI during the 4th quarter valued at $25,000. Bessemer Group Inc. raised its position in UGI by 216.7% in the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 611 shares during the period. S.A. Mason LLC purchased a new position in UGI in the 4th quarter worth $27,000. GeoWealth Management LLC purchased a new position in UGI in the 4th quarter worth $27,000. Finally, Flagship Wealth Advisors LLC purchased a new position in UGI in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UGI shares. Mizuho lifted their target price on shares of UGI from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. StockNews.com upgraded shares of UGI from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th.

UGI Price Performance

Shares of UGI stock opened at $35.58 on Thursday. The firm has a market cap of $7.63 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. UGI Co. has a 12-month low of $22.01 and a 12-month high of $36.35. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The company’s fifty day simple moving average is $33.07 and its two-hundred day simple moving average is $30.63.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.41. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. UGI had a net margin of 7.73% and a return on equity of 15.19%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.97 EPS. As a group, equities analysts expect that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Monday, June 16th. UGI’s dividend payout ratio (DPR) is presently 61.73%.

Insider Activity

In related news, insider Michael Sharp bought 4,806 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the purchase, the insider now owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

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.