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

Kingsview Wealth Management LLC purchased a new stake in UGI Co. (NYSE:UGI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,215 shares of the utilities provider’s stock, valued at approximately $740,000.

Several other large investors have also modified their holdings of the business. S.A. Mason LLC purchased a new stake in UGI in the 4th quarter valued at approximately $27,000. Concord Wealth Partners lifted its position in shares of UGI by 100.0% in the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 637 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of UGI during the fourth quarter valued at $36,000. UMB Bank n.a. increased its position in UGI by 67.1% during the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 540 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in UGI by 189.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 1,358 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Finally, Jefferies Financial Group initiated 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, UGI has an average rating of “Moderate Buy” and a consensus target price of $28.33.

UGI Trading Up 0.5 %

Shares of UGI stock 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 firm’s 50-day simple moving average is $29.21 and its 200-day simple moving average is $26.33. The firm has a market cap of $6.94 billion, a P/E ratio of 12.72, a PEG ratio of 2.22 and a beta of 1.21. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities analysts forecast that UGI Co. will post 3 EPS for the current year.

UGI Dividend Announcement

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 paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.64%. UGI’s dividend payout ratio is presently 59.06%.

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.