1,258 Shares in UGI Co. (NYSE:UGI) Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC acquired a new position in shares of UGI Co. (NYSE:UGI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,258 shares of the utilities provider’s stock, valued at approximately $36,000.

Several other large investors have also modified their holdings of UGI. S.A. Mason LLC acquired a new position in UGI during the 4th quarter valued at $27,000. Concord Wealth Partners raised its stake in UGI by 100.0% during the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 637 shares during the last quarter. UMB Bank n.a. raised its stake in UGI by 67.1% during the 4th 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. Farther Finance Advisors LLC raised its stake in UGI by 189.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Millburn Ridgefield Corp acquired a new position in UGI during the 3rd quarter valued at $55,000. 82.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

UGI Stock Up 1.9 %

Shares of NYSE:UGI opened at $32.12 on Wednesday. UGI Co. has a 12 month low of $22.01 and a 12 month high of $32.63. The company’s 50-day moving average price is $29.15 and its two-hundred day moving average price is $26.28. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The firm has a market cap of $6.90 billion, a P/E ratio of 12.65, a P/E/G ratio of 2.22 and a beta of 1.21.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.21%. As a group, research analysts forecast that UGI Co. will post 3 EPS for the current fiscal year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio (DPR) is presently 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.