Simplicity Solutions LLC Purchases 17,560 Shares of UGI Co. (NYSE:UGI)

Simplicity Solutions LLC increased its position in UGI Co. (NYSE:UGIFree Report) by 20.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 102,102 shares of the utilities provider’s stock after purchasing an additional 17,560 shares during the quarter. Simplicity Solutions LLC’s holdings in UGI were worth $2,512,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UGI. Allstate Corp increased its position in shares of UGI by 1.9% in the first quarter. Allstate Corp now owns 16,470 shares of the utilities provider’s stock worth $597,000 after purchasing an additional 313 shares during the period. Eaton Vance Management increased its holdings in UGI by 0.4% in the 1st quarter. Eaton Vance Management now owns 82,676 shares of the utilities provider’s stock valued at $2,995,000 after buying an additional 344 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of UGI by 6.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,444 shares of the utilities provider’s stock valued at $249,000 after buying an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of UGI by 35.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 391 shares during the period. Finally, Stonebridge Capital Advisors LLC boosted its position in shares of UGI by 165.4% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 430 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on UGI shares. Wells Fargo & Company downgraded UGI from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $27.00 to $28.00 in a report on Thursday, March 14th. TheStreet raised UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st. StockNews.com raised UGI from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. Finally, Mizuho decreased their price target on shares of UGI from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, January 18th.

Read Our Latest Research Report on UGI

UGI Stock Performance

NYSE:UGI opened at $23.46 on Friday. The stock’s 50-day moving average is $24.34 and its 200-day moving average is $23.17. The stock has a market cap of $4.92 billion, a P/E ratio of -10.66 and a beta of 1.16. UGI Co. has a 1-year low of $20.19 and a 1-year high of $35.18. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 1.59.

UGI (NYSE:UGIGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. Equities research analysts anticipate that UGI Co. will post 2.9 earnings per share for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 6.39%. The ex-dividend date was Thursday, March 14th. UGI’s payout ratio is presently -68.18%.

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.

Further Reading

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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