Good Life Advisors LLC Invests $202,000 in UGI Co. (NYSE:UGI)

Good Life Advisors LLC purchased a new position in shares of UGI Co. (NYSE:UGI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,145 shares of the utilities provider’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also made changes to their positions in UGI. S.A. Mason LLC acquired a new position in shares of UGI during the 4th quarter worth $27,000. Concord Wealth Partners grew its stake in 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 acquired a new stake in UGI in the 4th quarter valued at about $36,000. UMB Bank n.a. grew its stake in UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 540 shares during the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new stake in UGI in the 4th quarter valued at about $48,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Mizuho raised shares of 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 note on Friday, November 15th. Jefferies Financial Group assumed coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective on the stock.

UGI Price Performance

NYSE:UGI opened at $33.12 on Friday. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The company’s 50-day moving average is $29.78 and its two-hundred day moving average is $26.69. UGI Co. has a 12-month low of $22.01 and a 12-month high of $33.58.

UGI (NYSE:UGI) last released its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. Research analysts expect that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.53%. UGI’s dividend payout ratio (DPR) is 59.06%.

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.