V2 Financial group LLC Grows Holdings in UGI Co. (NYSE:UGI)

V2 Financial group LLC increased its stake in UGI Co. (NYSE:UGI) by 11.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,500 shares of the utilities provider’s stock after acquiring an additional 1,534 shares during the quarter. V2 Financial group LLC’s holdings in UGI were worth $438,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in UGI. S.A. Mason LLC bought a new position in shares of UGI during the fourth quarter worth about $27,000. Concord Wealth Partners increased its holdings in shares of UGI by 100.0% in the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 637 shares during the last quarter. Golden State Wealth Management LLC bought a new position in UGI during the fourth quarter worth $36,000. UMB Bank n.a. increased its stake in UGI by 67.1% during the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 540 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of UGI by 189.9% during the third quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 1,358 shares during the period. 82.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UGI has been the subject of several research reports. Wells Fargo & Company lifted their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Finally, Jefferies Financial Group initiated coverage on UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

UGI Trading Up 0.1 %

UGI stock opened at $32.03 on Monday. The firm has a 50-day moving average price of $29.10 and a two-hundred day moving average price of $26.22. UGI Co. has a 52-week low of $22.01 and a 52-week high of $32.63. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.22 and a beta of 1.21. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48.

UGI (NYSE:UGI) last issued 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 return on equity of 15.21% and a net margin of 7.73%. Sell-side analysts expect that UGI Co. will post 3 earnings per share for the current year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Monday, March 17th. UGI’s dividend payout ratio is currently 59.06%.

UGI 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.