Abich Financial Wealth Management LLC Makes New Investment in UGI Co. (NYSE:UGI)

Abich Financial Wealth Management LLC acquired a new stake in UGI Co. (NYSE:UGI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,774 shares of the utilities provider’s stock, valued at approximately $44,000.

Several other institutional investors have also recently added to or reduced their stakes in UGI. Vanguard Group Inc. increased its holdings in UGI by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 26,897,100 shares of the utilities provider’s stock valued at $661,669,000 after purchasing an additional 625,128 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of UGI by 1.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,746,241 shares of the utilities provider’s stock valued at $89,962,000 after buying an additional 45,630 shares in the last quarter. Federated Hermes Inc. lifted its holdings in UGI by 5.5% in the 4th quarter. Federated Hermes Inc. now owns 2,502,192 shares of the utilities provider’s stock worth $61,554,000 after buying an additional 130,010 shares in the last quarter. Norges Bank purchased a new position in UGI in the fourth quarter valued at about $46,034,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of UGI by 5.0% during the first quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider’s stock worth $43,121,000 after purchasing an additional 83,219 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UGI shares. Mizuho increased their price objective on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company reduced their price target on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd.

UGI Stock Performance

UGI stock traded down $0.22 during trading on Friday, reaching $24.70. 1,461,164 shares of the company’s stock were exchanged, compared to its average volume of 1,737,237. UGI Co. has a 1-year low of $20.19 and a 1-year high of $26.26. The firm has a market cap of $5.18 billion, a PE ratio of -60.24 and a beta of 1.13. The company’s fifty day moving average price is $23.55 and its 200-day moving average price is $24.03. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $3.07 billion. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. The business’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 EPS. On average, research analysts expect that UGI Co. will post 2.92 EPS for the current fiscal year.

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.