Picton Mahoney Asset Management Invests $437,000 in UGI Co. (NYSE:UGI)

Picton Mahoney Asset Management bought a new stake in shares of UGI Co. (NYSE:UGI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,766 shares of the utilities provider’s stock, valued at approximately $437,000.

Several other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in UGI by 7.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,588,108 shares of the utilities provider’s stock worth $39,067,000 after purchasing an additional 106,098 shares in the last quarter. Private Advisor Group LLC increased its position in shares of UGI by 15.4% during the fourth quarter. Private Advisor Group LLC now owns 11,912 shares of the utilities provider’s stock valued at $293,000 after acquiring an additional 1,586 shares during the last quarter. M&T Bank Corp lifted its holdings in UGI by 10.0% during the fourth quarter. M&T Bank Corp now owns 178,694 shares of the utilities provider’s stock worth $4,396,000 after acquiring an additional 16,280 shares during the period. Victory Capital Management Inc. boosted its position in UGI by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 977,979 shares of the utilities provider’s stock worth $24,058,000 after purchasing an additional 6,392 shares during the last quarter. Finally, Beck Bode LLC grew its stake in UGI by 15.7% in the 4th quarter. Beck Bode LLC now owns 34,007 shares of the utilities provider’s stock valued at $837,000 after purchasing an additional 4,624 shares during the period. Institutional investors own 82.34% of the company’s stock.

Analyst Ratings Changes

UGI has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st. Mizuho raised their price target on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd.

UGI Price Performance

NYSE UGI opened at $24.78 on Thursday. The company has a market cap of $5.19 billion, a PE ratio of -60.43 and a beta of 1.13. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 1.44. The firm’s 50-day simple moving average is $24.66 and its two-hundred day simple moving average is $23.56. UGI Co. has a 52 week low of $20.19 and a 52 week high of $30.10.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.32. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the company posted $1.68 EPS. UGI’s revenue was down 20.6% compared to the same quarter last year. Research analysts predict that UGI Co. will post 2.91 earnings per share for the current year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.05%. The ex-dividend date is Friday, June 14th. UGI’s dividend payout ratio (DPR) is presently -365.85%.

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.