Spirit of America Management Corp NY cut its holdings in UGI Corp (NYSE:UGI) by 20.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,250 shares of the utilities provider’s stock after selling 24,750 shares during the period. Spirit of America Management Corp NY owned about 0.06% of UGI worth $5,390,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Cedar Wealth Management LLC purchased a new position in UGI in the 4th quarter valued at about $27,000. Bogart Wealth LLC purchased a new position in UGI in the 1st quarter valued at about $28,000. Parkside Financial Bank & Trust purchased a new position in UGI in the 4th quarter valued at about $29,000. Stone House Investment Management LLC purchased a new position in UGI in the 1st quarter valued at about $39,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in UGI by 5,235.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,630,734 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 3,562,679 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of UGI from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Jefferies Financial Group upgraded shares of UGI from a “hold” rating to a “buy” rating and upped their target price for the company from $54.00 to $60.00 in a report on Friday, April 5th. They noted that the move was a valuation call. Barclays restated a “sell” rating and issued a $51.00 target price on shares of UGI in a report on Thursday, April 4th. Bank of America upgraded shares of UGI from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of UGI from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. UGI has an average rating of “Hold” and a consensus price target of $57.20.
UGI (NYSE:UGI) last announced its quarterly earnings data on Tuesday, February 5th. The utilities provider reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.31). The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.21 billion. UGI had a return on equity of 11.30% and a net margin of 7.10%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 earnings per share. Analysts expect that UGI Corp will post 2.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.04 annualized dividend and a dividend yield of 1.98%. UGI’s payout ratio is currently 37.96%.
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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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