Quest Partners LLC Buys Shares of 23,018 UGI Co. (NYSE:UGI)

Quest Partners LLC bought a new stake in UGI Co. (NYSE:UGIFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,018 shares of the utilities provider’s stock, valued at approximately $566,000.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of UGI in the fourth quarter valued at $32,000. Fifth Third Bancorp raised its stake in shares of UGI by 92.8% in the third quarter. Fifth Third Bancorp now owns 2,075 shares of the utilities provider’s stock valued at $48,000 after buying an additional 999 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of UGI in the fourth quarter valued at $64,000. EverSource Wealth Advisors LLC grew its position in shares of UGI by 82.5% in the third quarter. EverSource Wealth Advisors LLC now owns 3,411 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 1,542 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of UGI by 32.6% in the fourth quarter. Global Retirement Partners LLC now owns 4,425 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 1,089 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Price Performance

UGI stock opened at $24.63 on Thursday. UGI Co. has a 52 week low of $20.19 and a 52 week high of $29.76. The business has a 50-day simple moving average of $24.61 and a 200 day simple moving average of $23.82. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 1.44. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of -60.06 and a beta of 1.13.

UGI (NYSE:UGIGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.32. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the business earned $1.68 EPS. The company’s revenue for the quarter was down 20.6% compared to the same quarter last year. On average, research analysts forecast that UGI Co. will post 2.91 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date is Friday, June 14th. UGI’s payout ratio is currently -365.84%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UGI shares. Mizuho lifted their price target 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 upgraded UGI from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Wells Fargo & Company reduced their target price on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 3rd. Finally, TheStreet upgraded UGI from a “d+” rating to a “c-” rating in a research report on Wednesday, February 21st.

Check Out Our Latest Research Report on UGI

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.

Further Reading

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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