Private Advisor Group LLC Trims Position in UGI Co. (NYSE:UGI)

Private Advisor Group LLC trimmed its holdings in shares of UGI Co. (NYSE:UGI) by 29.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,017 shares of the utilities provider’s stock after selling 4,973 shares during the quarter. Private Advisor Group LLC’s holdings in UGI were worth $301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UGI. Whittier Trust Co. increased its position 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 worth $27,000 after purchasing an additional 598 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of UGI during the second quarter worth about $32,000. Duncker Streett & Co. Inc. acquired a new position in shares of UGI during the second quarter worth about $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UGI during the second quarter worth about $40,000. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of UGI during the first quarter worth about $44,000. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Price Performance

UGI stock opened at $23.92 on Thursday. The business has a 50 day moving average price of $24.38 and a 200 day moving average price of $24.17. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 7.67 and a beta of 1.13. UGI Co. has a fifty-two week low of $20.32 and a fifty-two week high of $26.15. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. UGI had a return on equity of 15.65% and a net margin of 9.13%. 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. Equities research analysts anticipate that UGI Co. will post 2.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UGI. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Company boosted their target price on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th.

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.