Venturi Wealth Management LLC Raises Holdings in UGI Co. (NYSE:UGI)

Venturi Wealth Management LLC increased its position in UGI Co. (NYSE:UGI) by 15.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,749 shares of the utilities provider’s stock after acquiring an additional 491 shares during the quarter. Venturi Wealth Management LLC’s holdings in UGI were worth $106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UGI. Citigroup Inc. increased its stake in shares of UGI by 33.0% in the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock worth $5,087,000 after purchasing an additional 50,485 shares in the last quarter. International Assets Investment Management LLC grew its stake in UGI by 2,402.0% in the 3rd quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock valued at $652,000 after buying an additional 25,005 shares in the last quarter. FMR LLC raised its holdings in UGI by 42.0% during the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after acquiring an additional 2,786,878 shares during the period. JPMorgan Chase & Co. lifted its position in shares of UGI by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after acquiring an additional 318,655 shares in the last quarter. Finally, Commerce Bank bought a new position in shares of UGI in the third quarter worth $645,000. 82.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UGI has been the topic of a number of analyst reports. Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Jefferies Financial Group initiated coverage on UGI in a research note on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective for the company.

UGI Trading Up 1.1 %

Shares of UGI stock opened at $33.12 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. UGI Co. has a 1 year low of $22.01 and a 1 year high of $33.58. The firm has a market cap of $7.11 billion, a PE ratio of 13.04, a PEG ratio of 2.26 and a beta of 1.21. The company has a 50 day simple moving average of $29.88 and a two-hundred day simple moving average of $26.77.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. Analysts expect that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.53%. UGI’s dividend payout ratio (DPR) is presently 59.06%.

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.