UGI Co. (NYSE:UGI) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in UGI Co. (NYSE:UGI) by 2,402.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,046 shares of the utilities provider’s stock after acquiring an additional 25,005 shares during the period. International Assets Investment Management LLC’s holdings in UGI were worth $652,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Manning & Napier Advisors LLC acquired a new position in shares of UGI during the 2nd quarter worth about $2,088,000. Russell Investments Group Ltd. raised its position in shares of UGI by 5.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider’s stock worth $43,121,000 after purchasing an additional 83,219 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of UGI by 57.5% during the 1st quarter. BNP Paribas Financial Markets now owns 523,873 shares of the utilities provider’s stock worth $12,856,000 after purchasing an additional 191,260 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of UGI by 12.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 578,469 shares of the utilities provider’s stock worth $13,247,000 after purchasing an additional 64,755 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in shares of UGI by 5.4% during the 1st quarter. Gabelli Funds LLC now owns 548,100 shares of the utilities provider’s stock worth $13,450,000 after purchasing an additional 28,000 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UGI. Wells Fargo & Company upped their price target on shares of 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 downgraded shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

UGI Stock Up 0.4 %

Shares of NYSE UGI opened at $23.46 on Wednesday. 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 PE ratio of 7.52 and a beta of 1.13. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The company has a 50-day moving average of $24.40 and a 200 day moving average of $24.17.

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

UGI Company 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.