UGI Co. (NYSE:UGI) Stock Holdings Lifted by Raymond James & Associates

Raymond James & Associates raised its stake in UGI Co. (NYSE:UGI) by 10.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 160,451 shares of the utilities provider’s stock after acquiring an additional 15,527 shares during the period. Raymond James & Associates’ holdings in UGI were worth $4,014,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UGI. Whittier Trust Co. raised its stake in UGI by 99.7% during the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 598 shares during the period. Hantz Financial Services Inc. acquired a new stake in UGI during the 2nd quarter valued at $32,000. Duncker Streett & Co. Inc. acquired a new stake in UGI during the 2nd quarter valued at $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in UGI during the 2nd quarter valued at $40,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in UGI during the 1st quarter valued at $44,000. Institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UGI shares. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company boosted their target price on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th.

UGI Trading Down 1.9 %

UGI stock opened at $23.46 on Friday. The company’s fifty day simple moving average is $24.45 and its 200-day simple moving average is $24.18. 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 Co. has a 12 month low of $20.32 and a 12 month high of $26.15. The stock has a market cap of $5.04 billion, a P/E ratio of 7.52 and a beta of 1.13.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.12. UGI had a net margin of 9.13% and a return on equity of 15.65%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.73 billion. The firm’s quarterly revenue was down 16.8% on a year-over-year basis. As a group, sell-side analysts forecast that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.39%. The ex-dividend date was Monday, September 16th. UGI’s dividend payout ratio is currently 48.08%.

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.