34,563 UGI Corporation $UGI Shares Purchased by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC raised its stake in UGI Corporation (NYSE:UGI) by 13.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 292,744 shares of the utilities provider’s stock after purchasing an additional 34,563 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in UGI were worth $10,442,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC lifted its position in UGI by 4.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,733 shares of the utilities provider’s stock worth $282,000 after buying an additional 303 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of UGI by 80.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 724 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 322 shares in the last quarter. NorthCrest Asset Manangement LLC grew its holdings in shares of UGI by 5.9% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,033 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 391 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of UGI by 45.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 397 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of UGI by 36.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,521 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 405 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Stock Up 2.5%

NYSE UGI traded up $0.94 during trading on Friday, reaching $38.46. The company’s stock had a trading volume of 1,862,808 shares, compared to its average volume of 1,793,284. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $8.25 billion, a PE ratio of 12.86 and a beta of 0.93. The business has a 50-day moving average price of $37.26 and a 200-day moving average price of $36.17. UGI Corporation has a 1-year low of $31.65 and a 1-year high of $41.34.

UGI (NYSE:UGI) last posted its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.12). UGI had a return on equity of 12.80% and a net margin of 9.20%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.50 billion. On average, research analysts forecast that UGI Corporation will post 2.81 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were paid a $0.3750 dividend. This represents a $1.50 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 15th. UGI’s payout ratio is presently 50.17%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on UGI shares. Weiss Ratings lowered UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded UGI from a “hold” rating to a “sell” rating in a research note on Saturday, October 10th. Jefferies Financial Group raised UGI from a “hold” rating to a “buy” rating and upped their target price for the stock from $40.00 to $43.00 in a research report on Wednesday, September 9th. Zacks Research lowered UGI from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Huntington initiated coverage on UGI in a research note on Monday, September 14th. They set an “outperform” rating and a $54.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, UGI currently has an average rating of “Moderate Buy” and an average target price of $45.80.

UGI Profile

UGI Corporation is a diversified energy company headquartered in King of Prussia, Pennsylvania. Through its subsidiaries, the company distributes and markets natural gas, propane, electricity and related energy products to residential, commercial, industrial and institutional customers.

UGI Utilities operates regulated natural gas and electric distribution businesses in Pennsylvania and provides natural gas, electric and related services to customers in the region. The company also owns AmeriGas, one of the largest retail propane distributors in the United States, serving households, businesses, agricultural customers and other end users through a nationwide distribution network.

UGI has additional energy operations in Europe through its international LPG businesses and participates in energy marketing, midstream and related activities.