Beacon Financial Group Sells 2,399 Shares of UGI Co. (NYSE:UGI)

Beacon Financial Group reduced its position in shares of UGI Co. (NYSE:UGI) by 22.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,436 shares of the utilities provider’s stock after selling 2,399 shares during the quarter. Beacon Financial Group’s holdings in UGI were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quent Capital LLC lifted its position in UGI by 84.9% during the 4th quarter. Quent Capital LLC now owns 4,995 shares of the utilities provider’s stock worth $141,000 after acquiring an additional 2,294 shares during the last quarter. Edmp Inc. lifted its position in shares of UGI by 2.1% during the 4th quarter. Edmp Inc. now owns 136,327 shares of the utilities provider’s stock worth $3,849,000 after purchasing an additional 2,869 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in UGI during the 4th quarter valued at approximately $59,000. V2 Financial group LLC grew its holdings in UGI by 11.0% in the 4th quarter. V2 Financial group LLC now owns 15,500 shares of the utilities provider’s stock valued at $438,000 after buying an additional 1,534 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in UGI in the 4th quarter worth approximately $740,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Stock Performance

UGI opened at $32.31 on Thursday. The stock’s 50 day simple moving average is $29.21 and its 200-day simple moving average is $26.33. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48. The stock has a market cap of $6.94 billion, a PE ratio of 12.72, a P/E/G ratio of 2.22 and a beta of 1.21. UGI Co. has a 1 year low of $22.01 and a 1 year high of $32.63.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.21%. Sell-side analysts forecast that UGI Co. will post 3 EPS for the current year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s payout ratio is 59.06%.

Wall Street Analysts Forecast Growth

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

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.