Dynamic Technology Lab Private Ltd Trims Stock Position in UGI Co. (NYSE:UGI)

Dynamic Technology Lab Private Ltd lessened its stake in shares of UGI Co. (NYSE:UGI) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,357 shares of the utilities provider’s stock after selling 978 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in UGI were worth $969,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UGI. Raymond James & Associates lifted its position in shares of UGI by 26.2% during the 3rd quarter. Raymond James & Associates now owns 111,748 shares of the utilities provider’s stock worth $2,570,000 after buying an additional 23,219 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of UGI by 20.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 43,189 shares of the utilities provider’s stock valued at $993,000 after acquiring an additional 7,426 shares during the period. Fifth Third Bancorp increased its holdings in shares of UGI by 92.8% in the 3rd quarter. Fifth Third Bancorp now owns 2,075 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 999 shares during the period. Signaturefd LLC increased its holdings in shares of UGI by 186.1% in the 3rd quarter. Signaturefd LLC now owns 11,232 shares of the utilities provider’s stock valued at $258,000 after acquiring an additional 7,306 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of UGI by 82.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,411 shares of the utilities provider’s stock valued at $78,000 after acquiring an additional 1,542 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com raised shares of UGI from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. 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. Wells Fargo & Company lowered their price target on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. Finally, TheStreet raised shares of UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st.

UGI Price Performance

UGI stock opened at $24.69 on Wednesday. UGI Co. has a 52 week low of $20.19 and a 52 week high of $29.76. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 1.44. The firm’s 50-day simple moving average is $24.63 and its 200 day simple moving average is $23.81. The firm has a market capitalization of $5.18 billion, a PE ratio of -60.22 and a beta of 1.13.

UGI (NYSE:UGI) last released its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.32. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $3.07 billion. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. The firm’s quarterly revenue was down 20.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. On average, equities research analysts predict that UGI Co. will post 2.91 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.375 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.50 dividend on an annualized basis and a yield of 6.08%. UGI’s dividend payout ratio (DPR) is -365.84%.

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.