Oak Thistle LLC Invests $665,000 in UGI Co. (NYSE:UGI)

Oak Thistle LLC acquired a new position in UGI Co. (NYSE:UGI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 27,086 shares of the utilities provider’s stock, valued at approximately $665,000. UGI makes up about 0.6% of Oak Thistle LLC’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American National Bank purchased a new position in UGI in the 1st quarter worth $27,000. GAMMA Investing LLC purchased a new position in shares of UGI during the 4th quarter valued at about $32,000. Transcendent Capital Group LLC purchased a new position in shares of UGI during the 4th quarter valued at about $39,000. Neo Ivy Capital Management purchased a new position in shares of UGI during the 4th quarter valued at about $40,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of UGI during the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Price Performance

Shares of UGI stock traded down $0.17 on Monday, hitting $22.73. The company’s stock had a trading volume of 2,028,086 shares, compared to its average volume of 2,342,981. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.21. UGI Co. has a 1 year low of $20.19 and a 1 year high of $27.78. The firm has a fifty day moving average price of $24.11 and a 200-day moving average price of $24.09. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of -55.44 and a beta of 1.13.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.32. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the firm posted $1.68 EPS. UGI’s revenue was down 20.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that UGI Co. will post 2.92 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Friday, June 14th. This represents a $1.50 annualized dividend and a yield of 6.60%. UGI’s dividend payout ratio (DPR) is currently -365.84%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UGI. Mizuho lifted their price objective on UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Wells Fargo & Company cut their price target on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd. Finally, StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd.

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.