Edmp Inc. Purchases 2,869 Shares of UGI Co. (NYSE:UGI)

Edmp Inc. boosted its position in shares of UGI Co. (NYSE:UGI) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 136,327 shares of the utilities provider’s stock after purchasing an additional 2,869 shares during the quarter. UGI accounts for about 3.7% of Edmp Inc.’s investment portfolio, making the stock its 8th biggest holding. Edmp Inc. owned about 0.06% of UGI worth $3,849,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of UGI. S.A. Mason LLC acquired a new position in UGI in the fourth quarter valued at about $27,000. Concord Wealth Partners lifted its stake in UGI by 100.0% in the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after buying an additional 637 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of UGI in the fourth quarter valued at approximately $36,000. UMB Bank n.a. increased 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 worth $38,000 after acquiring an additional 540 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of UGI by 189.9% during the third quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 1,358 shares during the period. Institutional investors own 82.34% of the company’s stock.

UGI Price Performance

Shares of NYSE UGI opened at $31.55 on Tuesday. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $32.63. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 2.22 and a beta of 1.21. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. The business has a 50-day moving average of $29.10 and a 200-day moving average of $26.23.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.21% and a net margin of 7.73%. As a group, sell-side analysts predict that UGI Co. will post 3 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. Stockholders of record on Monday, March 17th will be paid a dividend of $0.375 per share. The ex-dividend date is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.76%. UGI’s dividend payout ratio is presently 59.06%.

Wall Street Analyst Weigh In

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

UGI Company 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.