UGI Co. (NYSE:UGI) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC raised its position in UGI Co. (NYSE:UGI) by 5.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 548,100 shares of the utilities provider’s stock after acquiring an additional 28,000 shares during the period. Gabelli Funds LLC’s holdings in UGI were worth $13,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Stolper Co boosted its stake in UGI by 0.5% in the first quarter. Stolper Co now owns 78,764 shares of the utilities provider’s stock valued at $1,933,000 after acquiring an additional 430 shares in the last quarter. Applied Finance Capital Management LLC boosted its stake in UGI by 4.2% in the fourth quarter. Applied Finance Capital Management LLC now owns 12,583 shares of the utilities provider’s stock valued at $310,000 after acquiring an additional 503 shares in the last quarter. Fulton Bank N.A. boosted its stake in UGI by 3.6% in the fourth quarter. Fulton Bank N.A. now owns 18,171 shares of the utilities provider’s stock valued at $447,000 after acquiring an additional 634 shares in the last quarter. Concord Wealth Partners boosted its stake in UGI by 100.0% in the first quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 637 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its stake in UGI by 18.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 4,078 shares of the utilities provider’s stock valued at $99,000 after acquiring an additional 648 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Stock Performance

Shares of NYSE:UGI traded up $0.15 on Friday, hitting $24.64. 1,302,105 shares of the company were exchanged, compared to its average volume of 1,799,976. UGI Co. has a 1-year low of $20.19 and a 1-year high of $27.77. The stock’s 50 day moving average price is $23.52 and its 200 day moving average price is $23.99. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $3.07 billion. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. The firm’s quarterly revenue was down 20.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 earnings per share. Equities analysts expect that UGI Co. will post 2.92 earnings per share for the current year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.50 dividend on an annualized basis and a yield of 6.09%. UGI’s dividend payout ratio is presently -365.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on UGI shares. Mizuho raised their target price on shares of UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com upgraded shares of UGI from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company lowered their price objective 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 Profile

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.