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

Good Life Advisors LLC acquired a new position in shares of UGI Co. (NYSE:UGI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,145 shares of the utilities provider’s stock, valued at approximately $202,000.

Several other large investors have also modified their holdings of UGI. Easterly Investment Partners LLC raised its holdings in UGI by 0.8% in the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock valued at $1,482,000 after buying an additional 450 shares during the period. Hourglass Capital LLC grew its position in UGI by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock valued at $2,330,000 after acquiring an additional 470 shares in the last quarter. Wright Investors Service Inc. grew its position in UGI by 1.3% in the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock valued at $1,050,000 after acquiring an additional 484 shares in the last quarter. MetLife Investment Management LLC grew its position in UGI by 0.4% in the third quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock valued at $2,774,000 after acquiring an additional 489 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in UGI by 15.1% in the fourth quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider’s stock valued at $106,000 after acquiring an additional 491 shares in the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on UGI. Jefferies Financial Group began coverage on shares of UGI in a research report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective for the company. 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 report on Friday, November 15th.

UGI Price Performance

UGI opened at $33.12 on Friday. The company has a market capitalization of $7.11 billion, a P/E ratio of 13.04, a PEG ratio of 2.26 and a beta of 1.21. The company has a 50-day moving average of $29.78 and a 200-day moving average of $26.69. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. UGI Co. has a 1-year low of $22.01 and a 1-year high of $33.58.

UGI (NYSE:UGI) last issued 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%. Equities analysts expect that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business 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. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.53%. 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.