UGI Co. (NYSE:UGI) Shares Acquired by Beck Bode LLC

Beck Bode LLC lifted its position in shares of UGI Co. (NYSE:UGI) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,007 shares of the utilities provider’s stock after buying an additional 4,624 shares during the quarter. Beck Bode LLC’s holdings in UGI were worth $837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in shares of UGI during the fourth quarter worth approximately $32,000. Fifth Third Bancorp grew its position in UGI by 92.8% in the third quarter. Fifth Third Bancorp now owns 2,075 shares of the utilities provider’s stock worth $48,000 after buying an additional 999 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of UGI in the fourth quarter worth approximately $64,000. EverSource Wealth Advisors LLC lifted its stake in UGI by 82.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,411 shares of the utilities provider’s stock worth $78,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of UGI by 32.6% during the 4th quarter. Global Retirement Partners LLC now owns 4,425 shares of the utilities provider’s stock valued at $102,000 after acquiring an additional 1,089 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Down 0.4 %

UGI stock traded down $0.10 during mid-day trading on Wednesday, reaching $25.46. The company’s stock had a trading volume of 149,859 shares, compared to its average volume of 2,026,169. The business’s 50 day simple moving average is $24.60 and its 200 day simple moving average is $23.44. UGI Co. has a 12 month low of $20.19 and a 12 month high of $33.74. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. Equities analysts forecast that UGI Co. will post 2.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UGI has been the topic of several recent analyst reports. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Wells Fargo & Company cut shares of UGI from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $27.00 to $28.00 in a research note on Thursday, March 14th. Mizuho lifted their price target on shares of UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, TheStreet raised UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st.

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.