UGI Co. (NYSE:UGI) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of UGI Co. (NYSE:UGI) by 945.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,280 shares of the utilities provider’s stock after acquiring an additional 46,377 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in UGI were worth $1,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of UGI. Whittier Trust Co. lifted its holdings in shares of UGI by 99.7% during the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after buying an additional 598 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of UGI during the 2nd quarter worth about $32,000. Duncker Streett & Co. Inc. acquired a new position in UGI in the 2nd quarter valued at approximately $34,000. Point72 Asia Singapore Pte. Ltd. bought a new position in UGI in the second quarter worth $40,000. Finally, Abich Financial Wealth Management LLC bought a new position in shares of UGI during the 1st quarter worth about $44,000. Institutional investors own 82.34% of the company’s stock.

UGI Price Performance

Shares of UGI opened at $23.92 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The firm has a market capitalization of $5.13 billion, a PE ratio of 7.67 and a beta of 1.13. The stock has a 50 day simple moving average of $24.47 and a 200 day simple moving average of $24.18. UGI Co. has a 52-week low of $20.32 and a 52-week high of $26.15.

UGI (NYSE:UGI) last issued its quarterly earnings results 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 company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. UGI had a return on equity of 15.65% and a net margin of 9.13%. UGI’s revenue for the quarter was down 16.8% on a year-over-year basis. Sell-side analysts predict that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on UGI. Wells Fargo & Company lifted their price objective on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

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.