40,970 Shares in UGI Co. (NYSE:UGI) Acquired by Easterly Investment Partners LLC

Easterly Investment Partners LLC acquired a new position in shares of UGI Co. (NYSE:UGI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 40,970 shares of the utilities provider’s stock, valued at approximately $1,005,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American National Bank acquired a new position in shares of UGI in the first quarter valued at about $27,000. Concord Wealth Partners increased its holdings in shares of UGI by 100.0% during the first quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 637 shares during the period. GAMMA Investing LLC acquired a new stake in shares of UGI in the fourth quarter valued at approximately $32,000. Transcendent Capital Group LLC bought a new position in UGI during the 4th quarter worth $39,000. Finally, Neo Ivy Capital Management acquired a new position in UGI in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Price Performance

Shares of UGI stock traded up $0.28 during trading on Wednesday, reaching $22.59. 860,410 shares of the company’s stock were exchanged, compared to its average volume of 2,312,099. The firm’s 50-day moving average price is $23.72 and its 200 day moving average price is $24.05. The company has a market cap of $4.74 billion, a P/E ratio of -54.71 and a beta of 1.13. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.21. UGI Co. has a 1-year low of $20.19 and a 1-year high of $27.78.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.32. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the company earned $1.68 EPS. UGI’s revenue was down 20.6% compared to the same quarter last year. As a group, research analysts anticipate that UGI Co. will post 2.92 earnings per share for the current year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.50 annualized dividend and a yield of 6.64%. UGI’s dividend payout ratio is presently -365.84%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UGI shares. StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a research report on Wednesday. Wells Fargo & Company decreased their target price on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. Finally, Mizuho upped their price target on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th.

UGI Company 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.