American National Bank Acquires New Stake in UGI Co. (NYSE:UGI)

American National Bank acquired a new stake in UGI Co. (NYSE:UGI) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 1,099 shares of the utilities provider’s stock, valued at approximately $27,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in UGI in the 4th quarter valued at $32,000. Transcendent Capital Group LLC bought a new stake in UGI in the 4th quarter valued at $39,000. Neo Ivy Capital Management bought a new stake in UGI in the 4th quarter valued at $40,000. Turtle Creek Wealth Advisors LLC bought a new stake in UGI during the 4th quarter worth about $64,000. Finally, Global Retirement Partners LLC lifted its position in UGI by 32.6% during the 4th quarter. Global Retirement Partners LLC now owns 4,425 shares of the utilities provider’s stock worth $102,000 after buying an additional 1,089 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on UGI. Mizuho boosted their price target on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. StockNews.com raised shares of UGI from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company cut their price target on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, May 3rd.

UGI Stock Down 0.4 %

UGI stock opened at $22.76 on Friday. The firm has a market capitalization of $4.77 billion, a PE ratio of -55.50 and a beta of 1.14. The company’s 50-day moving average is $24.27 and its 200-day moving average is $24.07. UGI Co. has a fifty-two week low of $20.19 and a fifty-two week high of $27.78. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.21 and a quick ratio of 1.01.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.32. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $3.07 billion. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. UGI’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. Sell-side analysts anticipate that UGI Co. will post 2.92 earnings per share for the current year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Friday, June 14th. This represents a $1.50 annualized dividend and a dividend yield of 6.59%. UGI’s dividend payout ratio is presently -365.84%.

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.