Janney Montgomery Scott LLC increased its stake in shares of UGI Co. (NYSE:UGI – Get Rating) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,551 shares of the utilities provider’s stock after purchasing an additional 12,475 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.08% of UGI worth $6,063,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UGI. US Bancorp DE increased its position in UGI by 35.2% during the 1st quarter. US Bancorp DE now owns 16,028 shares of the utilities provider’s stock worth $580,000 after purchasing an additional 4,176 shares in the last quarter. Cetera Advisor Networks LLC increased its position in UGI by 13.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 13,366 shares of the utilities provider’s stock worth $484,000 after purchasing an additional 1,618 shares in the last quarter. Bank of Montreal Can grew its holdings in UGI by 7.9% in the 1st quarter. Bank of Montreal Can now owns 74,002 shares of the utilities provider’s stock valued at $2,704,000 after buying an additional 5,396 shares during the period. Panagora Asset Management Inc. grew its holdings in UGI by 23.0% in the 1st quarter. Panagora Asset Management Inc. now owns 38,633 shares of the utilities provider’s stock valued at $1,399,000 after buying an additional 7,225 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in UGI by 7.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 173,055 shares of the utilities provider’s stock valued at $6,489,000 after buying an additional 11,826 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have commented on the company. TheStreet cut UGI from a “b-” rating to a “c+” rating in a report on Friday, March 10th. Barclays decreased their target price on UGI from $40.00 to $37.00 in a report on Tuesday. Wells Fargo & Company boosted their target price on UGI from $41.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 10th. Finally, StockNews.com began coverage on UGI in a report on Thursday, March 16th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.00.
UGI Stock Performance
UGI (NYSE:UGI – Get Rating) last announced its earnings results on Thursday, February 2nd. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.08. UGI had a return on equity of 11.76% and a net margin of 2.12%. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the company posted $0.93 EPS. UGI’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts expect that UGI Co. will post 2.95 EPS for the current fiscal year.
UGI Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Saturday, April 1st. Shareholders of record on Wednesday, March 15th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Tuesday, March 14th. UGI’s payout ratio is 163.64%.
UGI Profile
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.
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