UGI Co. (NYSE:UGI) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in shares of UGI Co. (NYSE:UGI) by 20.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,158 shares of the utilities provider’s stock after acquiring an additional 6,850 shares during the period. Cetera Investment Advisers’ holdings in UGI were worth $943,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. American National Bank bought a new stake in shares of UGI during the first quarter valued at approximately $27,000. Whittier Trust Co. grew its position in UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after buying an additional 598 shares during the last quarter. Concord Wealth Partners grew its position in UGI by 100.0% during the 1st quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 637 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of UGI during the 2nd quarter valued at $32,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in shares of UGI during the 2nd quarter valued at $34,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UGI shares. Wells Fargo & Company lifted their price objective on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday. StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

UGI Price Performance

UGI stock opened at $24.86 on Friday. The stock has a market cap of $5.34 billion, a PE ratio of 7.97 and a beta of 1.13. The stock has a 50-day moving average price of $24.34 and a two-hundred day moving average price of $24.16. UGI Co. has a 1 year low of $20.19 and a 1 year high of $26.15. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.12. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.73 billion. UGI had a net margin of 9.13% and a return on equity of 15.65%. UGI’s quarterly revenue was down 16.8% on a year-over-year basis. Equities analysts forecast that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were issued a $0.375 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.50 annualized dividend and a dividend yield of 6.04%. UGI’s dividend payout ratio is currently 48.08%.

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.