Stonebridge Financial Group LLC Makes New Investment in UGI Co. (NYSE:UGI)

Stonebridge Financial Group LLC purchased a new stake in UGI Co. (NYSE:UGI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,078 shares of the utilities provider’s stock, valued at approximately $59,000.

Several other large investors have also recently modified their holdings of UGI. FMR LLC increased its holdings in 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 period. Geode Capital Management LLC increased its stake in shares of UGI by 33.8% in the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock valued at $127,246,000 after buying an additional 1,202,938 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of UGI by 47.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after acquiring an additional 808,113 shares during the last quarter. Hennessy Advisors Inc. raised its position in shares of UGI by 2,050.9% during the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock worth $67,067,000 after acquiring an additional 2,265,300 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in UGI by 105.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,507,263 shares of the utilities provider’s stock valued at $37,712,000 after acquiring an additional 774,770 shares during the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Trading Down 0.0 %

NYSE UGI opened at $32.32 on Friday. UGI Co. has a one year low of $22.01 and a one year high of $32.63. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. The business has a 50 day simple moving average of $29.28 and a 200 day simple moving average of $26.37. The stock has a market capitalization of $6.94 billion, a P/E ratio of 12.72, a P/E/G ratio of 2.22 and a beta of 1.21.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.21%. Research analysts expect that UGI Co. will post 3 earnings per share for the current year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.64%. UGI’s dividend payout ratio (DPR) is presently 59.06%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on UGI shares. Jefferies Financial Group initiated coverage on shares of UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 price target for the company. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.33.

UGI 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.