UGI Co. (NYSE:UGI) Shares Purchased by Quent Capital LLC

Quent Capital LLC increased its position in shares of UGI Co. (NYSE:UGI) by 84.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,995 shares of the utilities provider’s stock after purchasing an additional 2,294 shares during the quarter. Quent Capital LLC’s holdings in UGI were worth $141,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. raised its holdings in shares of UGI by 33.0% in the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock worth $5,087,000 after acquiring an additional 50,485 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of UGI by 2,402.0% in the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock worth $652,000 after acquiring an additional 25,005 shares during the last quarter. FMR LLC raised its holdings in shares of UGI by 42.0% in the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after acquiring an additional 2,786,878 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of UGI by 35.1% in the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after acquiring an additional 318,655 shares during the last quarter. Finally, Commerce Bank acquired a new position in shares of UGI in the third quarter worth $645,000. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Price Performance

Shares of NYSE:UGI opened at $32.31 on Thursday. The company has a market cap of $6.94 billion, a P/E ratio of 12.72, a P/E/G ratio of 2.22 and a beta of 1.21. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. UGI Co. has a 52 week low of $22.01 and a 52 week high of $32.63. The business has a fifty day simple moving average of $29.21 and a 200-day simple moving average of $26.33.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.21% and a net margin of 7.73%. Equities research analysts forecast that UGI Co. will post 3 EPS for the current year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio (DPR) is presently 59.06%.

Analyst Upgrades and Downgrades

UGI has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group assumed coverage on UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target for the company. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, UGI currently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

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.