UGI Co. (NYSE:UGI) Stock Holdings Reduced by Cerity Partners LLC

Cerity Partners LLC lowered its position in UGI Co. (NYSE:UGI) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,830 shares of the utilities provider’s stock after selling 5,857 shares during the quarter. Cerity Partners LLC’s holdings in UGI were worth $1,201,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UGI. Turtle Creek Wealth Advisors LLC bought a new stake in UGI during the 4th quarter valued at approximately $64,000. International Assets Investment Management LLC bought a new stake in UGI during the 4th quarter valued at approximately $136,000. Bleakley Financial Group LLC boosted its stake in UGI by 21.2% during the 4th quarter. Bleakley Financial Group LLC now owns 102,424 shares of the utilities provider’s stock valued at $2,520,000 after purchasing an additional 17,882 shares during the period. Edmp Inc. boosted its stake in UGI by 27.2% during the 4th quarter. Edmp Inc. now owns 135,273 shares of the utilities provider’s stock valued at $3,328,000 after purchasing an additional 28,960 shares during the period. Finally, Fulton Bank N.A. boosted its stake in UGI by 3.6% during the 4th quarter. Fulton Bank N.A. now owns 18,171 shares of the utilities provider’s stock valued at $447,000 after purchasing an additional 634 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Trading Up 8.2 %

UGI stock opened at $25.74 on Monday. The business has a 50 day moving average price of $24.38 and a two-hundred day moving average price of $23.23. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of -11.70 and a beta of 1.16. UGI Co. has a 12 month low of $20.19 and a 12 month high of $35.18.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.98 billion. As a group, equities analysts forecast that UGI Co. will post 2.9 EPS for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.375 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.83%. UGI’s payout ratio is presently -68.18%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a research note on Thursday. Mizuho upped their price target on UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Wells Fargo & Company cut UGI from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $27.00 to $28.00 in a report on Thursday, March 14th. Finally, TheStreet raised UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st.

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.