UGI Co. (NYSE:UGI) Shares Bought by Raymond James & Associates

Raymond James & Associates raised its stake in UGI Co. (NYSE:UGI) by 10.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,451 shares of the utilities provider’s stock after acquiring an additional 15,527 shares during the period. Raymond James & Associates owned 0.07% of UGI worth $4,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Citizens Bank & Trust Co. boosted its position in shares of UGI by 9.6% during the third quarter. First Citizens Bank & Trust Co. now owns 10,853 shares of the utilities provider’s stock worth $272,000 after buying an additional 953 shares during the period. Blue Trust Inc. boosted its position in shares of UGI by 64.2% during the third quarter. Blue Trust Inc. now owns 3,311 shares of the utilities provider’s stock worth $76,000 after buying an additional 1,295 shares during the period. Inspire Advisors LLC boosted its position in shares of UGI by 29.1% during the third quarter. Inspire Advisors LLC now owns 78,525 shares of the utilities provider’s stock worth $1,965,000 after buying an additional 17,706 shares during the period. NBC Securities Inc. boosted its position in shares of UGI by 6.1% during the third quarter. NBC Securities Inc. now owns 19,404 shares of the utilities provider’s stock worth $485,000 after buying an additional 1,123 shares during the period. Finally, Creative Planning boosted its position in shares of UGI by 3.5% during the third quarter. Creative Planning now owns 44,073 shares of the utilities provider’s stock worth $1,103,000 after buying an additional 1,496 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UGI has been the subject of several analyst reports. 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, October 16th. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

UGI Price Performance

Shares of NYSE:UGI opened at $23.46 on Friday. UGI Co. has a 12 month low of $20.32 and a 12 month high of $26.15. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 7.52 and a beta of 1.13. The stock’s 50 day moving average price is $24.45 and its 200 day moving average price is $24.18. 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 announced its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.12. UGI had a return on equity of 15.65% and a net margin of 9.13%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.73 billion. The company’s revenue was down 16.8% on a year-over-year basis. Equities research analysts anticipate that UGI Co. will post 2.93 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently declared 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 6.39%. UGI’s dividend 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.