UGI Co. (NYSE:UGI) Stake Boosted by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of UGI Co. (NYSE:UGI) by 57.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,053 shares of the utilities provider’s stock after purchasing an additional 4,404 shares during the period. SG Americas Securities LLC’s holdings in UGI were worth $302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Easterly Investment Partners LLC bought a new position in UGI in the first quarter worth about $1,005,000. Manning & Napier Advisors LLC bought a new position in UGI during the 2nd quarter worth $2,088,000. Russell Investments Group Ltd. increased its position in UGI by 5.0% in the first quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider’s stock worth $43,121,000 after buying an additional 83,219 shares during the period. Vanguard Group Inc. lifted its stake in UGI by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 26,897,100 shares of the utilities provider’s stock valued at $661,669,000 after buying an additional 625,128 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of UGI by 57.5% during the first quarter. BNP Paribas Financial Markets now owns 523,873 shares of the utilities provider’s stock valued at $12,856,000 after acquiring an additional 191,260 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Stock Performance

Shares of UGI opened at $25.30 on Friday. The firm has a market capitalization of $5.30 billion, a PE ratio of -61.71 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The firm has a 50-day moving average price of $24.38 and a 200 day moving average price of $24.17. UGI Co. has a 52-week low of $20.19 and a 52-week high of $26.15.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. UGI had a net margin of 9.13% and a return on equity of 15.65%. The company’s quarterly revenue was down 16.8% compared to the same quarter last year. On average, sell-side analysts anticipate that UGI Co. will post 2.93 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date was Monday, September 16th. UGI’s payout ratio is currently -365.85%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UGI. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Company boosted their price objective on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday.

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.