Choreo LLC Has $601,000 Holdings in UGI Co. (NYSE:UGI)

Choreo LLC cut its stake in shares of UGI Co. (NYSE:UGI) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,129 shares of the utilities provider’s stock after selling 2,879 shares during the period. Choreo LLC’s holdings in UGI were worth $601,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. S.A. Mason LLC acquired a new position in shares of UGI during the fourth quarter worth $27,000. DAVENPORT & Co LLC acquired a new position in shares of UGI during the fourth quarter worth $200,000. Abundance Wealth Counselors increased its holdings in shares of UGI by 1.7% during the fourth quarter. Abundance Wealth Counselors now owns 29,514 shares of the utilities provider’s stock worth $833,000 after buying an additional 505 shares in the last quarter. Alpha Omega Wealth Management LLC increased its holdings in shares of UGI by 24.2% during the fourth quarter. Alpha Omega Wealth Management LLC now owns 14,377 shares of the utilities provider’s stock worth $406,000 after buying an additional 2,798 shares in the last quarter. Finally, EMC Capital Management increased its holdings in shares of UGI by 848.8% during the fourth quarter. EMC Capital Management now owns 9,488 shares of the utilities provider’s stock worth $268,000 after buying an additional 8,488 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Stock Performance

Shares of UGI stock opened at $31.55 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 2.22 and a beta of 1.21. The company’s fifty day moving average is $29.10 and its 200 day moving average is $26.23. UGI Co. has a twelve month low of $22.01 and a twelve month high of $32.63.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.21%. Sell-side analysts forecast that UGI Co. will post 3 EPS for the current year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.76%. UGI’s dividend payout ratio (DPR) is currently 59.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UGI. Wells Fargo & Company upped their price target on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Jefferies Financial Group started coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective on the stock. Finally, Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.33.

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.