Federated Hermes Inc. Has $61.55 Million Stake in UGI Co. (NYSE:UGI)

Federated Hermes Inc. raised its position in shares of UGI Co. (NYSE:UGI) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,502,192 shares of the utilities provider’s stock after buying an additional 130,010 shares during the period. Federated Hermes Inc. owned about 1.19% of UGI worth $61,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Stonebridge Capital Advisors LLC increased its holdings in shares of UGI by 165.4% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 430 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of UGI in the fourth quarter valued at approximately $29,000. UniSuper Management Pty Ltd acquired a new stake in shares of UGI in the second quarter valued at approximately $40,000. Fifth Third Bancorp increased its holdings in shares of UGI by 92.8% in the third quarter. Fifth Third Bancorp now owns 2,075 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 999 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of UGI by 1,379.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,346 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 1,255 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UGI. Mizuho raised their price target on shares of UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday. TheStreet raised shares of UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. Wells Fargo & Company lowered shares of UGI from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $27.00 to $28.00 in a report on Thursday, March 14th. Finally, StockNews.com lowered shares of UGI from a “buy” rating to a “hold” rating in a report on Thursday.

UGI Stock Performance

UGI opened at $25.74 on Friday. The company has a fifty day moving average price of $24.38 and a two-hundred day moving average price of $23.20. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. UGI Co. has a 52 week low of $20.19 and a 52 week high of $35.18.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. On average, sell-side analysts forecast that UGI Co. will post 2.9 EPS for the current year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.83%. UGI’s dividend payout ratio is -68.18%.

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.