International Assets Investment Management LLC Acquires Shares of 5,535 UGI Co. (NYSE:UGI)

International Assets Investment Management LLC acquired a new stake in UGI Co. (NYSE:UGI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,535 shares of the utilities provider’s stock, valued at approximately $136,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UGI. Vanguard Group Inc. raised its stake in shares of UGI by 3.1% during the third quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock worth $604,255,000 after purchasing an additional 781,929 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of UGI by 503.8% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,904,763 shares of the utilities provider’s stock worth $66,810,000 after purchasing an additional 2,423,713 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of UGI by 67.0% during the third quarter. Federated Hermes Inc. now owns 2,372,182 shares of the utilities provider’s stock worth $54,560,000 after purchasing an additional 951,405 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of UGI by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,482,010 shares of the utilities provider’s stock worth $34,086,000 after purchasing an additional 86,424 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of UGI by 309.1% during the third quarter. Qube Research & Technologies Ltd now owns 1,175,347 shares of the utilities provider’s stock worth $27,033,000 after purchasing an additional 888,072 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on UGI. Wells Fargo & Company cut UGI from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $27.00 to $28.00 in a research note on Thursday, March 14th. Mizuho raised their target price on UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Finally, TheStreet raised UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st.

UGI Price Performance

UGI stock opened at $25.72 on Tuesday. UGI Co. has a one year low of $20.19 and a one year high of $34.26. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98. The business has a fifty day moving average of $24.58 and a two-hundred day moving average of $23.41. The company has a market cap of $5.39 billion, a P/E ratio of -11.69 and a beta of 1.16.

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, beating analysts’ consensus estimates of $1.12 by $0.08. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.98 billion. As a group, analysts predict that UGI Co. will post 2.9 earnings per share for the current fiscal 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend was Thursday, March 14th. UGI’s dividend payout ratio is currently -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.