Steel Grove Capital Advisors LLC Invests $1.70 Million in UGI Corporation $UGI

Steel Grove Capital Advisors LLC acquired a new position in shares of UGI Corporation (NYSE:UGI) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 45,309 shares of the utilities provider’s stock, valued at approximately $1,696,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bare Financial Services Inc increased its holdings in shares of UGI by 103.8% during the 3rd quarter. Bare Financial Services Inc now owns 1,345 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 685 shares during the period. Torren Management LLC bought a new position in shares of UGI during the 4th quarter worth about $65,000. Horizon Investments LLC acquired a new position in shares of UGI in the fourth quarter valued at $93,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of UGI by 7.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,559 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 254 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of UGI by 4.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,842 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 456 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UGI. Weiss Ratings restated a “buy (b-)” rating on shares of UGI in a research note on Friday, April 24th. Jefferies Financial Group restated a “hold” rating and issued a $40.00 target price (down from $45.00) on shares of UGI in a research note on Thursday, April 30th. Finally, Wells Fargo & Company began coverage on UGI in a research note on Monday, May 11th. They issued an “overweight” rating and a $46.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.33.

UGI Stock Up 0.6%

Shares of NYSE:UGI opened at $35.86 on Wednesday. UGI Corporation has a 52 week low of $31.62 and a 52 week high of $41.34. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.00. The company’s fifty day moving average is $36.03 and its 200-day moving average is $37.06. The company has a market capitalization of $7.69 billion, a PE ratio of 12.58 and a beta of 0.96.

UGI (NYSE:UGI) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.02). The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.08 billion. UGI had a return on equity of 13.81% and a net margin of 8.71%.The firm’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $2.21 earnings per share. Equities research analysts predict that UGI Corporation will post 2.83 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, June 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.2%. UGI’s dividend payout ratio is 52.63%.

UGI Company Profile

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.