Cwm LLC Sells 1,419 Shares of UGI Co. (NYSE:UGI)

Cwm LLC trimmed its holdings in UGI Co. (NYSE:UGI) by 18.6% in the third quarter, Holdings Channel reports. The fund owned 6,196 shares of the utilities provider’s stock after selling 1,419 shares during the period. Cwm LLC’s holdings in UGI were worth $155,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in shares of UGI during the fourth quarter worth $7,388,000. Global Assets Advisory LLC acquired a new position in UGI in the 1st quarter worth $366,000. Wealth Enhancement Advisory Services LLC increased its holdings in UGI by 25.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,844 shares of the utilities provider’s stock worth $561,000 after purchasing an additional 4,597 shares in the last quarter. Occidental Asset Management LLC increased its holdings in UGI by 8.0% during the 1st quarter. Occidental Asset Management LLC now owns 62,999 shares of the utilities provider’s stock worth $1,546,000 after purchasing an additional 4,690 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in shares of UGI in the first quarter valued at about $665,000. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Performance

NYSE UGI opened at $24.87 on Thursday. UGI Co. has a 1 year low of $20.32 and a 1 year high of $26.15. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of -60.65 and a beta of 1.13. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The firm’s 50 day simple moving average is $24.47 and its 200 day simple moving average is $24.17.

UGI (NYSE:UGI) last issued its earnings results 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. The firm had revenue of $1.38 billion for 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 company’s quarterly revenue was down 16.8% compared to the same quarter last year. As a group, research analysts expect that UGI Co. will post 2.93 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were given a dividend of $0.375 per share. The ex-dividend date was Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a yield of 6.03%. UGI’s dividend payout ratio (DPR) is currently -365.85%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UGI shares. Wells Fargo & Company raised their target price on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a 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.