UGI Co. (NYSE:UGI) Holdings Cut by Cwm LLC

Cwm LLC cut its stake in shares of UGI Co. (NYSE:UGI) by 18.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,196 shares of the utilities provider’s stock after selling 1,419 shares during the quarter. Cwm LLC’s holdings in UGI were worth $155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UGI. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of UGI by 1.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,746,241 shares of the utilities provider’s stock valued at $89,962,000 after purchasing an additional 45,630 shares during the period. Federated Hermes Inc. increased its position in UGI by 28.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock valued at $81,014,000 after acquiring an additional 788,457 shares during the period. LSV Asset Management raised its stake in UGI by 13.3% during the 2nd quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider’s stock valued at $69,267,000 after acquiring an additional 356,200 shares in the last quarter. ProShare Advisors LLC boosted its position in UGI by 84.9% during the 2nd quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock worth $55,991,000 after acquiring an additional 1,122,766 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in shares of UGI in the second quarter worth $53,371,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Price Performance

NYSE UGI opened at $24.87 on Thursday. UGI Co. has a fifty-two week low of $20.32 and a fifty-two week high of $26.15. The stock’s 50-day moving average is $24.47 and its two-hundred day moving average is $24.17. The firm has a market cap of $5.21 billion, a P/E ratio of -60.65 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71.

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. UGI had a return on equity of 15.65% and a net margin of 9.13%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. The firm’s revenue was down 16.8% compared to the same quarter last year. On average, analysts anticipate that UGI Co. will post 2.93 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 6.03%. The ex-dividend date was Monday, September 16th. UGI’s dividend payout ratio is currently -365.85%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. StockNews.com lowered shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

About UGI

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.