Empowered Funds LLC Has $919,000 Stock Holdings in UGI Co. (NYSE:UGI)

Empowered Funds LLC lowered its position in shares of UGI Co. (NYSE:UGI) by 76.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,548 shares of the utilities provider’s stock after selling 105,049 shares during the quarter. Empowered Funds LLC’s holdings in UGI were worth $919,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. S.A. Mason LLC bought a new position in shares of UGI in the fourth quarter valued at approximately $27,000. Concord Wealth Partners increased its holdings in UGI by 100.0% during the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 637 shares in the last quarter. Golden State Wealth Management LLC bought a new position in UGI in the 4th quarter valued at $36,000. UMB Bank n.a. boosted its stake in UGI by 67.1% in the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 540 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of UGI by 189.9% during the third quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 1,358 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

UGI Stock Down 0.1 %

Shares of UGI stock opened at $32.31 on Tuesday. The stock’s 50-day moving average is $29.45 and its 200 day moving average is $26.49. UGI Co. has a one year low of $22.01 and a one year high of $32.66. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 2.22 and a beta of 1.21. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60.

UGI (NYSE:UGI) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a return on equity of 15.21% and a net margin of 7.73%. Equities research analysts anticipate that UGI Co. will post 3 EPS for the current year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio (DPR) is presently 59.06%.

Analyst Ratings Changes

Several research analysts recently issued reports on UGI shares. Jefferies Financial Group assumed coverage on shares of UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 price target on the stock. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, UGI presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

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.