BDO Wealth Advisors LLC Acquires 1,537 Shares of UGI Co. (NYSE:UGI)

Posted by on Apr 12th, 2023

BDO Wealth Advisors LLC grew its holdings in UGI Co. (NYSE:UGI – Get Rating) by 19.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,582 shares of the utilities provider’s stock after purchasing an additional 1,537 shares during the quarter. BDO Wealth Advisors LLC’s holdings in UGI were worth $355,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its stake in shares of UGI by 71.0% in the 4th quarter. AdvisorNet Financial Inc now owns 730 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 303 shares during the last quarter. Private Trust Co. NA bought a new position in shares of UGI in the 2nd quarter valued at about $44,000. Allworth Financial LP boosted its stake in shares of UGI by 57.4% in the 3rd quarter. Allworth Financial LP now owns 1,440 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 525 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of UGI in the 3rd quarter valued at approximately $50,000. Finally, Quadrant Capital Group LLC raised its position in shares of UGI by 30.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,944 shares of the utilities provider’s stock valued at $63,000 after acquiring an additional 449 shares during the period. Institutional investors own 80.93% of the company’s stock.

UGI Stock Performance

Shares of UGI stock opened at $35.34 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.84 and a current ratio of 1.02. The company has a market capitalization of $7.41 billion, a P/E ratio of 40.16, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The company’s 50 day moving average price is $36.78 and its two-hundred day moving average price is $36.82. UGI Co. has a 52 week low of $31.19 and a 52 week high of $44.54.

UGI (NYSE:UGI – Get Rating) last announced its earnings results on Thursday, February 2nd. The utilities provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.06 by $0.08. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.81 billion. UGI had a net margin of 2.12% and a return on equity of 11.76%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $0.93 EPS. On average, analysts expect that UGI Co. will post 3.01 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 1st. Stockholders of record on Wednesday, March 15th were issued a $0.36 dividend. The ex-dividend date was Tuesday, March 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.07%. UGI’s dividend payout ratio (DPR) is presently 163.64%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UGI shares. Wells Fargo & Company increased their price target on shares of UGI from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 10th. Barclays increased their price target on shares of UGI from $39.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, February 2nd. StockNews.com started coverage on shares of UGI in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, TheStreet downgraded shares of UGI from a “b-” rating to a “c+” rating in a research report on Friday, March 10th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, UGI has a consensus rating of “Hold” and an average target price of $41.00.

About UGI

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UGI Corp. is a holding company, which engages in the distribution and marketing of energy products and services. It operates through the following segments: AmeriGas Propane, UGI International, Midstream and Marketing, and Utilities. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P.

Further Reading

Institutional Ownership by Quarter for UGI (NYSE:UGI)

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