Occidental Asset Management LLC Acquires 4,690 Shares of UGI Co. (NYSE:UGI)

Occidental Asset Management LLC boosted its holdings in UGI Co. (NYSE:UGI) by 8.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 62,999 shares of the utilities provider’s stock after purchasing an additional 4,690 shares during the period. Occidental Asset Management LLC’s holdings in UGI were worth $1,546,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of UGI in the 4th quarter valued at about $46,034,000. Qube Research & Technologies Ltd boosted its stake in shares of UGI by 309.1% during the third quarter. Qube Research & Technologies Ltd now owns 1,175,347 shares of the utilities provider’s stock valued at $27,033,000 after purchasing an additional 888,072 shares during the period. Vanguard Group Inc. grew its holdings in shares of UGI by 3.1% in the third quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock worth $604,255,000 after purchasing an additional 781,929 shares during the last quarter. Covalis Capital LLP purchased a new position in shares of UGI in the third quarter worth $16,279,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in UGI during the 3rd quarter valued at $16,100,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UGI shares. Mizuho boosted their price objective on shares of UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company dropped their price objective on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd.

UGI Trading Up 0.9 %

Shares of NYSE:UGI traded up $0.21 on Friday, hitting $22.90. The company had a trading volume of 3,597,077 shares, compared to its average volume of 3,422,131. UGI Co. has a 1 year low of $20.19 and a 1 year high of $27.78. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 1.44. The firm’s 50-day simple moving average is $24.16 and its two-hundred day simple moving average is $24.08. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of -55.88 and a beta of 1.14.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.65 by $0.32. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the business posted $1.68 earnings per share. UGI’s quarterly revenue was down 20.6% compared to the same quarter last year. Equities 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 issued a $0.375 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.50 dividend on an annualized basis and a yield of 6.55%. UGI’s dividend payout ratio (DPR) is -365.85%.

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.