Creative Planning Buys 1,496 Shares of UGI Co. (NYSE:UGI)

Creative Planning boosted its stake in UGI Co. (NYSE:UGI) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,073 shares of the utilities provider’s stock after purchasing an additional 1,496 shares during the quarter. Creative Planning’s holdings in UGI were worth $1,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. lifted its holdings in shares of 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 in the last quarter. Hantz Financial Services Inc. bought a new position in UGI in the 2nd quarter valued at $32,000. Duncker Streett & Co. Inc. purchased a new position in shares of UGI during the 2nd quarter valued at $34,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of UGI in the second quarter worth $40,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of UGI in the first quarter worth $44,000. Institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

UGI Stock Down 1.0 %

Shares of NYSE:UGI opened at $23.92 on Friday. The firm has a market capitalization of $5.13 billion, a PE ratio of 7.67 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. UGI Co. has a 52-week low of $20.32 and a 52-week high of $26.15. The firm has a fifty day moving average of $24.47 and a 200 day moving average of $24.18.

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

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date was Monday, September 16th. UGI’s payout ratio is currently 48.08%.

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.