Cutter & CO Brokerage Inc. Invests $2.14 Million in UGI Co. (NYSE:UGI)

Cutter & CO Brokerage Inc. purchased a new stake in shares of UGI Co. (NYSE:UGI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 75,877 shares of the utilities provider’s stock, valued at approximately $2,142,000.

Several other hedge funds also recently made changes to their positions in UGI. S.A. Mason LLC bought a new stake in shares of UGI during the fourth quarter valued at approximately $27,000. Concord Wealth Partners boosted its position in shares of UGI by 100.0% during the third 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 in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of UGI during the fourth quarter valued at approximately $36,000. UMB Bank n.a. boosted its position in shares of 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 in the last quarter. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of UGI during the fourth quarter valued at approximately $48,000. 82.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UGI shares. Jefferies Financial Group started coverage on UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 price target on the stock. Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $27.00 to $30.00 in a research report on Friday, November 15th.

UGI Trading Up 0.3 %

UGI stock opened at $33.39 on Wednesday. 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 business’s fifty day simple moving average is $30.09 and its two-hundred day simple moving average is $26.93. UGI Co. has a 12 month low of $22.01 and a 12 month high of $33.58. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21.

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

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Monday, March 17th. UGI’s dividend payout ratio (DPR) is presently 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.