Swiss National Bank Has $31.46 Million Holdings in UGI Co. (NYSE:UGI)

Posted by on May 12th, 2023

Swiss National Bank lessened its holdings in shares of UGI Co. (NYSE:UGI – Get Rating) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 848,700 shares of the utilities provider’s stock after selling 59,223 shares during the quarter. Swiss National Bank owned 0.40% of UGI worth $31,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Moors & Cabot Inc. increased its position in shares of UGI by 3.7% in the fourth quarter. Moors & Cabot Inc. now owns 7,087 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 250 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in UGI by 71.0% during the fourth quarter. AdvisorNet Financial Inc now owns 730 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 303 shares during the period. Allstate Corp boosted its holdings in shares of UGI by 1.9% during the first quarter. Allstate Corp now owns 16,470 shares of the utilities provider’s stock worth $597,000 after acquiring an additional 313 shares during the period. Gateway Investment Advisers LLC boosted its holdings in shares of UGI by 0.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 80,606 shares of the utilities provider’s stock worth $2,988,000 after acquiring an additional 339 shares during the period. Finally, Eaton Vance Management boosted its holdings in shares of UGI by 0.4% during the first quarter. Eaton Vance Management now owns 82,676 shares of the utilities provider’s stock worth $2,995,000 after acquiring an additional 344 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

UGI Stock Down 3.0 %

Shares of NYSE:UGI opened at $28.77 on Friday. The company has a fifty day moving average of $34.07 and a 200-day moving average of $36.78. The company has a market capitalization of $6.02 billion, a PE ratio of -9.82, a price-to-earnings-growth ratio of 1.35 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.02 and a current ratio of 1.21. UGI Co. has a 52-week low of $28.70 and a 52-week high of $44.54.

UGI (NYSE:UGI – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.16). UGI had a positive return on equity of 11.38% and a negative net margin of 6.17%. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the firm earned $1.91 EPS. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. On average, equities analysts predict that UGI Co. will post 2.8 EPS for the current fiscal year.

UGI Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 1st. Investors of record on Thursday, June 15th will be paid a $0.375 dividend. This is a boost from UGI’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.50 annualized dividend and a dividend yield of 5.21%. UGI’s payout ratio is currently -49.15%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. TheStreet cut UGI from a “b-” rating to a “c+” rating in a report on Friday, March 10th. StockNews.com began coverage on shares of UGI in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Barclays dropped their price target on shares of UGI from $40.00 to $37.00 in a research report on Tuesday, April 18th. Finally, Mizuho started coverage on shares of UGI in a research report on Wednesday, April 26th. They set a “neutral” rating and a $38.00 price objective for the company. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, UGI presently has a consensus rating of “Hold” and a consensus target price of $39.50.

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.

See Also

Institutional Ownership by Quarter for UGI (NYSE:UGI)

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