NBC Securities Inc. Increases Position in UGI Co. (NYSE:UGI)

NBC Securities Inc. boosted its holdings in shares of UGI Co. (NYSE:UGIFree Report) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,995 shares of the utilities provider’s stock after acquiring an additional 2,679 shares during the period. NBC Securities Inc.’s holdings in UGI were worth $245,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Stolper Co purchased a new stake in shares of UGI in the 4th quarter valued at approximately $1,927,000. Comerica Bank lifted its holdings in shares of UGI by 316.5% in the 3rd quarter. Comerica Bank now owns 179,049 shares of the utilities provider’s stock worth $4,118,000 after acquiring an additional 136,058 shares during the last quarter. Occidental Asset Management LLC lifted its holdings in shares of UGI by 247.8% in the 4th quarter. Occidental Asset Management LLC now owns 58,309 shares of the utilities provider’s stock worth $1,434,000 after acquiring an additional 41,546 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of UGI by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock worth $604,255,000 after acquiring an additional 781,929 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in shares of UGI by 644.3% in the 3rd quarter. Algert Global LLC now owns 209,661 shares of the utilities provider’s stock worth $4,822,000 after acquiring an additional 181,491 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Price Performance

UGI stock opened at $24.86 on Thursday. The firm has a market cap of $5.21 billion, a PE ratio of -60.63 and a beta of 1.13. UGI Co. has a 52-week low of $20.19 and a 52-week high of $29.76. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 1.44. The company’s 50 day moving average is $24.66 and its two-hundred day moving average is $23.69.

UGI (NYSE:UGIGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.32. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the firm posted $1.68 EPS. The company’s quarterly revenue was down 20.6% compared to the same quarter last year. On average, research analysts expect that UGI Co. will post 2.91 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date is Friday, June 14th. UGI’s dividend payout ratio is presently -365.84%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UGI. Mizuho upped their price objective on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. StockNews.com upgraded shares of UGI from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. Finally, Wells Fargo & Company reduced their target price on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd.

View Our Latest Stock Analysis on UGI

About UGI

(Free Report)

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.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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