Steel Grove Capital Advisors LLC Acquires New Holdings in UGI Corporation $UGI

Steel Grove Capital Advisors LLC acquired a new stake in shares of UGI Corporation (NYSE:UGI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 45,309 shares of the utilities provider’s stock, valued at approximately $1,696,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL raised its position in UGI by 234.1% during the third quarter. Tudor Investment Corp ET AL now owns 95,545 shares of the utilities provider’s stock valued at $3,178,000 after acquiring an additional 66,946 shares in the last quarter. Burns Matteson Capital Management LLC bought a new position in UGI during the fourth quarter valued at approximately $600,000. Captrust Financial Advisors raised its position in UGI by 11.2% during the third quarter. Captrust Financial Advisors now owns 2,863,933 shares of the utilities provider’s stock valued at $95,254,000 after acquiring an additional 287,764 shares in the last quarter. SG Americas Securities LLC raised its position in UGI by 8.9% during the fourth quarter. SG Americas Securities LLC now owns 227,467 shares of the utilities provider’s stock valued at $8,514,000 after acquiring an additional 18,652 shares in the last quarter. Finally, Foster & Motley Inc. raised its position in UGI by 13.9% during the fourth quarter. Foster & Motley Inc. now owns 165,187 shares of the utilities provider’s stock valued at $6,183,000 after acquiring an additional 20,179 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

UGI Price Performance

NYSE UGI opened at $35.86 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The company has a fifty day simple moving average of $36.03 and a 200 day simple moving average of $37.06. The company has a market cap of $7.69 billion, a P/E ratio of 12.58 and a beta of 0.96. UGI Corporation has a 1 year low of $31.62 and a 1 year high of $41.34.

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

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.375 dividend. The ex-dividend date of this dividend 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 (DPR) is 52.63%.

UGI 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.