Wilmington Savings Fund Society FSB Decreases Stake in UGI Co. (NYSE:UGI)

Wilmington Savings Fund Society FSB trimmed its holdings in UGI Co. (NYSE:UGI) by 3.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,738 shares of the utilities provider’s stock after selling 382 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in UGI were worth $303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Citigroup Inc. raised its holdings in UGI by 33.0% in the 3rd quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock valued at $5,087,000 after acquiring an additional 50,485 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of UGI by 2,402.0% in the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock valued at $652,000 after purchasing an additional 25,005 shares in the last quarter. FMR LLC increased its holdings in shares of UGI by 42.0% in the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after purchasing an additional 2,786,878 shares during the last quarter. JPMorgan Chase & Co. lifted its position in UGI by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after buying an additional 318,655 shares in the last quarter. Finally, Commerce Bank acquired a new position in UGI during the third quarter worth $645,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Stock Performance

Shares of UGI stock opened at $32.12 on Wednesday. The firm has a market cap of $6.90 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. UGI Co. has a 52 week low of $22.01 and a 52 week high of $32.63. The business’s fifty day simple moving average is $29.15 and its 200-day simple moving average is $26.28.

UGI (NYSE:UGI) last posted its 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%. Equities analysts forecast that UGI Co. will post 3 earnings per share for the current year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a $0.375 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.67%. UGI’s dividend payout ratio (DPR) is presently 59.06%.

Analyst Ratings Changes

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

About UGI

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.