1,258 Shares in UGI Co. (NYSE:UGI) Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC acquired a new position in shares of UGI Co. (NYSE:UGI) during the 4th quarter, Holdings Channel reports. The fund acquired 1,258 shares of the utilities provider’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Easterly Investment Partners LLC raised its holdings in UGI by 0.8% during the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock worth $1,482,000 after buying an additional 450 shares during the period. Wright Investors Service Inc. raised its holdings in UGI by 1.3% during the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock worth $1,050,000 after buying an additional 484 shares during the period. MetLife Investment Management LLC raised its holdings in UGI by 0.4% during the 3rd quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock worth $2,774,000 after buying an additional 489 shares during the period. Abundance Wealth Counselors raised its holdings in UGI by 1.7% during the 4th quarter. Abundance Wealth Counselors now owns 29,514 shares of the utilities provider’s stock worth $833,000 after buying an additional 505 shares during the period. Finally, Signaturefd LLC raised its holdings in UGI by 7.2% during the 3rd quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock worth $197,000 after buying an additional 531 shares during the period. Institutional investors own 82.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on UGI shares. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Jefferies Financial Group began coverage on shares of UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, UGI has an average rating of “Moderate Buy” and an average price target of $28.33.

UGI Trading Up 1.9 %

UGI stock opened at $32.12 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. The company has a fifty day moving average price of $29.15 and a two-hundred day moving average price of $26.28. UGI Co. has a one year low of $22.01 and a one year high of $32.63. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 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 15.21%. Equities analysts anticipate that UGI Co. will post 3 EPS for the current year.

UGI Dividend Announcement

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 given a $0.375 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.67%. UGI’s payout ratio is presently 59.06%.

UGI Company 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.