Blue Trust Inc. Acquires 1,295 Shares of UGI Co. (NYSE:UGI)

Blue Trust Inc. grew its stake in UGI Co. (NYSE:UGI) by 64.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,311 shares of the utilities provider’s stock after purchasing an additional 1,295 shares during the period. Blue Trust Inc.’s holdings in UGI were worth $76,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UGI. GAMMA Investing LLC lifted its holdings in shares of UGI by 24.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 512 shares during the period. Fulton Bank N.A. grew its stake in shares of UGI by 3.9% in the 2nd quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock valued at $343,000 after purchasing an additional 558 shares during the period. Whittier Trust Co. grew its position in UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 598 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in UGI by 4.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 23,772 shares of the utilities provider’s stock worth $544,000 after acquiring an additional 928 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of UGI by 1.9% during the second quarter. Arizona State Retirement System now owns 58,666 shares of the utilities provider’s stock valued at $1,343,000 after acquiring an additional 1,092 shares during the period. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Performance

UGI stock opened at $24.15 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 7.74 and a beta of 1.13. UGI Co. has a 12-month low of $20.32 and a 12-month high of $26.15. The stock has a 50-day simple moving average of $24.48 and a 200 day simple 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 the consensus estimate of ($0.06) by $0.12. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.73 billion. UGI had a return on equity of 15.65% and a net margin of 9.13%. The company’s quarterly revenue was down 16.8% on a year-over-year basis. On average, research analysts anticipate that UGI Co. will post 2.93 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were given a $0.375 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a yield of 6.21%. UGI’s payout ratio is 48.08%.

Analyst Ratings Changes

Several research firms have recently weighed in on UGI. Wells Fargo & Company upped their target price on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. StockNews.com lowered shares of 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.