Wesbanco Bank Inc. Takes Position in UGI Co. (NYSE:UGI)

Wesbanco Bank Inc. purchased a new position in UGI Co. (NYSE:UGI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,789 shares of the utilities provider’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bleakley Financial Group LLC purchased a new stake in UGI in the fourth quarter worth $253,000. Golden State Wealth Management LLC purchased a new position in UGI in the 4th quarter worth about $36,000. Kingsview Wealth Management LLC purchased a new position in UGI in the 4th quarter worth about $740,000. Stonebridge Financial Group LLC bought a new stake in UGI during the 4th quarter valued at about $59,000. Finally, Edmp Inc. boosted its position in UGI by 2.1% in the 4th quarter. Edmp Inc. now owns 136,327 shares of the utilities provider’s stock valued at $3,849,000 after buying an additional 2,869 shares during the period. 82.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UGI has been the topic of a number of research reports. Wall Street Zen raised shares of UGI from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Mizuho raised their price objective on UGI from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th.

UGI Trading Up 1.4%

NYSE UGI opened at $36.02 on Wednesday. UGI Co. has a one year low of $22.01 and a one year high of $37.19. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 2.26 and a beta of 1.06. The company’s 50-day simple moving average is $33.85 and its two-hundred day simple moving average is $31.81.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.41. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. UGI had a net margin of 7.73% and a return on equity of 15.19%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $1.97 earnings per share. Equities analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Monday, June 16th. UGI’s payout ratio is currently 61.73%.

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.