Massmutual Trust Co. FSB ADV Sells 1,600 Shares of UGI Co. (NYSE:UGI)

Massmutual Trust Co. FSB ADV lowered its stake in shares of UGI Co. (NYSE:UGI) by 43.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,062 shares of the utilities provider’s stock after selling 1,600 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in UGI were worth $51,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Treasurer of the State of North Carolina increased its holdings in UGI by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 91,762 shares of the utilities provider’s stock valued at $2,111,000 after buying an additional 470 shares during the period. Applied Finance Capital Management LLC increased its holdings in UGI by 4.2% in the 4th quarter. Applied Finance Capital Management LLC now owns 12,583 shares of the utilities provider’s stock valued at $310,000 after buying an additional 503 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in UGI by 2.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 21,623 shares of the utilities provider’s stock valued at $497,000 after buying an additional 526 shares during the period. Jacobi Capital Management LLC increased its holdings in UGI by 1.9% in the 3rd quarter. Jacobi Capital Management LLC now owns 33,036 shares of the utilities provider’s stock valued at $760,000 after buying an additional 621 shares during the period. Finally, Fulton Bank N.A. boosted its stake in shares of UGI by 3.6% in 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 in the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

Shares of NYSE UGI opened at $22.76 on Friday. The firm’s 50-day simple moving average is $24.27 and its 200 day simple moving average is $24.08. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44. UGI Co. has a 12-month low of $20.19 and a 12-month high of $27.78.

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

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.50 annualized dividend and a yield of 6.59%. UGI’s dividend payout ratio (DPR) is -365.84%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Mizuho boosted their target price on shares of UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com upgraded shares of UGI from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. 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 research note on Friday, May 3rd.

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.