UGI Co. (NYSE:UGI) Shares Sold by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors reduced its stake in UGI Co. (NYSE:UGI) by 7.6% in the fourth quarter, HoldingsChannel reports. The fund owned 20,172 shares of the utilities provider’s stock after selling 1,657 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in UGI were worth $496,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in UGI. US Bancorp DE lifted its stake in shares of UGI by 35.2% in the 1st quarter. US Bancorp DE now owns 16,028 shares of the utilities provider’s stock worth $580,000 after acquiring an additional 4,176 shares during the period. Cetera Advisor Networks LLC lifted its stake in UGI by 13.8% during the first quarter. Cetera Advisor Networks LLC now owns 13,366 shares of the utilities provider’s stock valued at $484,000 after purchasing an additional 1,618 shares during the last quarter. Bank of Montreal Can lifted its stake in UGI by 7.9% during the first quarter. Bank of Montreal Can now owns 74,002 shares of the utilities provider’s stock valued at $2,704,000 after purchasing an additional 5,396 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in UGI by 23.0% during the first quarter. Panagora Asset Management Inc. now owns 38,633 shares of the utilities provider’s stock valued at $1,399,000 after purchasing an additional 7,225 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in UGI by 7.3% during the first quarter. Great West Life Assurance Co. Can now owns 173,055 shares of the utilities provider’s stock valued at $6,489,000 after purchasing an additional 11,826 shares during the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TheStreet raised shares of UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st. StockNews.com raised shares of UGI from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. Mizuho cut their target price on shares of UGI from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, January 18th. Finally, Wells Fargo & Company lowered shares of UGI from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $27.00 to $28.00 in a report on Thursday, March 14th.

UGI Stock Performance

UGI stock opened at $23.52 on Tuesday. UGI Co. has a 52-week low of $20.19 and a 52-week high of $35.18. The company’s 50 day simple moving average is $24.33 and its 200-day simple moving average is $23.17. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98.

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 analyst estimates of $2.98 billion. On average, equities research analysts anticipate that UGI Co. will post 2.9 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.50 annualized dividend and a yield of 6.38%. UGI’s dividend payout ratio is presently -68.18%.

About UGI

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.