Wealth Enhancement Advisory Services LLC Acquires 3,117 Shares of UGI Co. (NYSE:UGI)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of UGI Co. (NYSE:UGI) by 13.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,889 shares of the utilities provider’s stock after acquiring an additional 3,117 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in UGI were worth $673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. lifted its stake 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 acquiring an additional 598 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of UGI in the 2nd quarter worth approximately $32,000. Duncker Streett & Co. Inc. bought a new stake in shares of UGI in the 2nd quarter valued at $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of UGI during the second quarter worth $40,000. Finally, Abich Financial Wealth Management LLC bought a new position in UGI during the first quarter worth $44,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

UGI Trading Down 0.2 %

Shares of UGI stock opened at $23.86 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. UGI Co. has a 52 week low of $20.32 and a 52 week high of $26.15. The stock has a 50 day moving average price of $24.37 and a two-hundred day moving average price of $24.16. The stock has a market capitalization of $5.12 billion, a PE ratio of 7.65 and a beta of 1.13.

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

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.