Oxbow Advisors LLC Boosts Stock Holdings in UGI Co. (NYSE:UGI)

Oxbow Advisors LLC raised its holdings in shares of UGI Co. (NYSE:UGI) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 219,843 shares of the utilities provider’s stock after buying an additional 338 shares during the period. Oxbow Advisors LLC owned about 0.10% of UGI worth $6,206,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Easterly Investment Partners LLC raised its stake in shares of UGI by 0.8% during the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock valued at $1,482,000 after acquiring an additional 450 shares during the last quarter. Hourglass Capital LLC raised its stake in shares of UGI by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock valued at $2,330,000 after acquiring an additional 470 shares during the last quarter. Wright Investors Service Inc. raised its stake in shares of UGI by 1.3% during the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock valued at $1,050,000 after acquiring an additional 484 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of UGI by 0.4% during the third quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock valued at $2,774,000 after acquiring an additional 489 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of UGI by 15.1% during the fourth quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider’s stock valued at $106,000 after acquiring an additional 491 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UGI. Jefferies Financial Group began coverage on shares of UGI in a research note on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective for the company. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $27.00 to $30.00 in a research note on Friday, November 15th.

UGI Price Performance

UGI stock opened at $33.12 on Friday. UGI Co. has a 1 year low of $22.01 and a 1 year high of $33.58. The company has a market cap of $7.11 billion, a P/E ratio of 13.04, a PEG ratio of 2.26 and a beta of 1.21. The firm has a 50-day moving average of $29.78 and a 200 day moving average of $26.69. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. On average, sell-side analysts forecast that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.53%. UGI’s payout ratio is 59.06%.

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.