UGI Co. (NYSE:UGI) Shares Purchased by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. increased its holdings in shares of UGI Co. (NYSE:UGI) by 68.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,471 shares of the utilities provider’s stock after buying an additional 13,164 shares during the period. Gibraltar Capital Management Inc.’s holdings in UGI were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Stolper Co acquired a new stake in shares of UGI in the fourth quarter valued at about $1,927,000. Comerica Bank boosted its holdings in UGI by 316.5% in the 3rd quarter. Comerica Bank now owns 179,049 shares of the utilities provider’s stock worth $4,118,000 after buying an additional 136,058 shares during the last quarter. Occidental Asset Management LLC increased its stake in UGI by 247.8% during the 4th quarter. Occidental Asset Management LLC now owns 58,309 shares of the utilities provider’s stock worth $1,434,000 after buying an additional 41,546 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 valued at $604,255,000 after acquiring an additional 781,929 shares during the last quarter. Finally, Algert Global LLC boosted its stake in shares of UGI by 644.3% in the third quarter. Algert Global LLC now owns 209,661 shares of the utilities provider’s stock worth $4,822,000 after acquiring an additional 181,491 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Analysts Set New Price Targets

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

UGI Trading Down 0.6 %

Shares of UGI stock traded down $0.15 during trading on Tuesday, hitting $25.57. 3,306,729 shares of the stock traded hands, compared to its average volume of 2,049,253. UGI Co. has a 52-week low of $20.19 and a 52-week high of $34.26. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.98 and a quick ratio of 0.79. The firm has a market capitalization of $5.36 billion, a P/E ratio of -11.62 and a beta of 1.16. The firm’s fifty day moving average price is $24.60 and its 200-day moving average price is $23.44.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.98 billion. As a group, research analysts forecast that UGI Co. will post 2.9 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 5.87%. The ex-dividend date was Thursday, March 14th. UGI’s payout ratio is -68.18%.

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.