Nwam LLC acquired a new position in UGI Corp (NYSE:UGI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,219 shares of the utilities provider’s stock, valued at approximately $212,000.
A number of other institutional investors have also bought and sold shares of the business. Atwater Malick LLC acquired a new position in shares of UGI during the third quarter valued at $31,000. Meridian Wealth Management LLC acquired a new position in shares of UGI during the first quarter valued at $33,000. Bogart Wealth LLC acquired a new position in shares of UGI during the third quarter valued at $40,000. Transamerica Financial Advisors Inc. acquired a new position in shares of UGI during the second quarter valued at $87,000. Finally, Massmutual Trust Co. FSB ADV acquired a new position in shares of UGI during the second quarter valued at $107,000. 84.93% of the stock is currently owned by institutional investors.
A number of research firms recently commented on UGI. ValuEngine downgraded UGI from a “buy” rating to a “hold” rating in a report on Friday, June 21st. Barclays reiterated a “sell” rating and issued a $50.00 price objective on shares of UGI in a report on Wednesday. TheStreet downgraded UGI from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Finally, UBS Group dropped their price objective on UGI from $60.00 to $58.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $56.50.
UGI (NYSE:UGI) last released its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.43 billion. UGI had a net margin of 4.46% and a return on equity of 10.56%. As a group, analysts forecast that UGI Corp will post 2.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, August 9th were issued a $0.325 dividend. This is an increase from UGI’s previous quarterly dividend of $0.30. This represents a $1.30 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Thursday, August 8th. UGI’s dividend payout ratio is 47.45%.
UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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