Global Assets Advisory LLC Makes New $366,000 Investment in UGI Co. (NYSE:UGI)

Global Assets Advisory LLC purchased a new stake in shares of UGI Co. (NYSE:UGI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,910 shares of the utilities provider’s stock, valued at approximately $366,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in UGI by 51.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 139,948 shares of the utilities provider’s stock valued at $3,219,000 after purchasing an additional 47,824 shares in the last quarter. FMR LLC lifted its holdings in shares of UGI by 71.9% in the third quarter. FMR LLC now owns 610,698 shares of the utilities provider’s stock valued at $14,046,000 after buying an additional 255,507 shares during the period. Invesco Ltd. grew its holdings in UGI by 6.2% during the third quarter. Invesco Ltd. now owns 1,042,011 shares of the utilities provider’s stock worth $23,966,000 after acquiring an additional 60,775 shares during the period. Stifel Financial Corp raised its position in UGI by 4.4% in the third quarter. Stifel Financial Corp now owns 209,804 shares of the utilities provider’s stock worth $4,825,000 after acquiring an additional 8,907 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in UGI by 139.0% in the 3rd quarter. Natixis Advisors L.P. now owns 41,694 shares of the utilities provider’s stock valued at $959,000 after acquiring an additional 24,250 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Price Performance

UGI stock opened at $22.69 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.21. The firm has a 50 day simple moving average of $24.22 and a 200 day simple moving average of $24.07. UGI Co. has a 52 week low of $20.19 and a 52 week high of $27.78.

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

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.61%. The ex-dividend date of this dividend is Friday, June 14th. UGI’s payout ratio is presently -365.84%.

Analyst Upgrades and Downgrades

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

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.