Foster & Motley Inc. Sells 9,527 Shares of UGI Co. (NYSE:UGI)

Foster & Motley Inc. decreased its stake in UGI Co. (NYSE:UGI) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,806 shares of the utilities provider’s stock after selling 9,527 shares during the period. Foster & Motley Inc.’s holdings in UGI were worth $2,800,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Federated Hermes Inc. raised its position in UGI by 5.5% in the fourth quarter. Federated Hermes Inc. now owns 2,502,192 shares of the utilities provider’s stock worth $61,554,000 after acquiring an additional 130,010 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of UGI by 35.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,302 shares of the utilities provider’s stock valued at $1,336,000 after purchasing an additional 14,300 shares during the period. Mackenzie Financial Corp raised its position in shares of UGI by 247.1% in the fourth quarter. Mackenzie Financial Corp now owns 227,287 shares of the utilities provider’s stock valued at $5,591,000 after purchasing an additional 161,800 shares during the period. Phocas Financial Corp. bought a new stake in shares of UGI in the fourth quarter valued at approximately $4,270,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of UGI in the fourth quarter valued at approximately $1,446,000. Institutional investors own 82.34% of the company’s stock.

UGI Price Performance

NYSE:UGI opened at $25.33 on Tuesday. The company has a fifty day moving average of $24.41 and a 200 day moving average of $23.26. UGI Co. has a 52 week low of $20.19 and a 52 week high of $35.14. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 1.59.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.20 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 company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.98 billion. On average, equities research analysts predict that UGI Co. will post 2.9 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.375 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.50 annualized dividend and a yield of 5.92%. UGI’s dividend payout ratio (DPR) is presently -68.18%.

Analyst Upgrades and Downgrades

Several equities 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 cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Mizuho boosted their price objective on shares of UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company cut shares of UGI from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $27.00 to $28.00 in a research note on Thursday, March 14th.

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.