McClarren Financial Advisors Inc. Takes $48,000 Position in UGI Co. (NYSE:UGI)

McClarren Financial Advisors Inc. purchased a new position in shares of UGI Co. (NYSE:UGI) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,700 shares of the utilities provider’s stock, valued at approximately $48,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. S.A. Mason LLC bought a new stake in shares of UGI during the fourth quarter valued at approximately $27,000. Concord Wealth Partners grew its position in UGI by 100.0% in the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 637 shares during the period. Golden State Wealth Management LLC acquired a new stake in UGI in the 4th quarter valued at $36,000. UMB Bank n.a. increased its stake in UGI by 67.1% during the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 540 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in UGI by 189.9% during the third quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock worth $52,000 after buying an additional 1,358 shares during the last quarter. Institutional investors own 82.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UGI shares. 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. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and raised their price target for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Finally, Jefferies Financial Group started coverage on UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective for the company. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

UGI Price Performance

UGI opened at $32.31 on Thursday. UGI Co. has a 1 year low of $22.01 and a 1 year high of $32.63. 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 market capitalization of $6.94 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 2.22 and a beta of 1.21. The firm’s fifty day moving average price is $29.21 and its two-hundred day moving average price is $26.33.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.21%. As a group, analysts anticipate that UGI Co. will post 3 earnings per share for the current fiscal 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 $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio is presently 59.06%.

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.