Beck Bode LLC Raises Stock Holdings in UGI Co. (NYSE:UGI)

Beck Bode LLC increased its position in UGI Co. (NYSE:UGI) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,007 shares of the utilities provider’s stock after purchasing an additional 4,624 shares during the period. Beck Bode LLC’s holdings in UGI were worth $837,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of UGI. Treasurer of the State of North Carolina grew its stake in shares of UGI by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 91,762 shares of the utilities provider’s stock worth $2,111,000 after buying an additional 470 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in UGI by 2.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 21,623 shares of the utilities provider’s stock worth $497,000 after purchasing an additional 526 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in shares of UGI by 1.9% in the third quarter. Jacobi Capital Management LLC now owns 33,036 shares of the utilities provider’s stock worth $760,000 after acquiring an additional 621 shares during the last quarter. Fulton Bank N.A. lifted its position in UGI by 3.6% during the fourth quarter. Fulton Bank N.A. now owns 18,171 shares of the utilities provider’s stock worth $447,000 after buying an additional 634 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in UGI by 0.7% during the fourth quarter. Yousif Capital Management LLC now owns 103,131 shares of the utilities provider’s stock worth $2,537,000 after acquiring an additional 678 shares during the last quarter. Institutional investors own 82.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on UGI shares. Mizuho increased their price objective on UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Wells Fargo & Company downgraded shares of UGI from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $27.00 to $28.00 in a research report on Thursday, March 14th. StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Finally, TheStreet raised UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st.

UGI Stock Down 0.4 %

UGI stock traded down $0.10 during midday trading on Wednesday, reaching $25.46. The stock had a trading volume of 149,859 shares, compared to its average volume of 2,026,169. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.98 and a quick ratio of 0.79. UGI Co. has a twelve month low of $20.19 and a twelve month high of $33.74. The stock’s 50-day simple moving average is $24.60 and its 200 day simple moving average is $23.44.

UGI (NYSE:UGI) last announced its earnings results on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.98 billion. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. Analysts forecast that UGI Co. will post 2.9 earnings per share for the current fiscal year.

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.