UGI Co. (NYSE:UGI) Shares Purchased by M&T Bank Corp

M&T Bank Corp grew its position in UGI Co. (NYSE:UGI) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,694 shares of the utilities provider’s stock after purchasing an additional 16,280 shares during the quarter. M&T Bank Corp’s holdings in UGI were worth $4,396,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UGI. Stolper Co purchased a new stake in UGI during the 4th quarter worth about $1,927,000. Comerica Bank grew its position in shares of UGI by 316.5% in the 3rd quarter. Comerica Bank now owns 179,049 shares of the utilities provider’s stock valued at $4,118,000 after buying an additional 136,058 shares during the last quarter. Occidental Asset Management LLC raised its stake in UGI by 247.8% during the 4th quarter. Occidental Asset Management LLC now owns 58,309 shares of the utilities provider’s stock worth $1,434,000 after acquiring an additional 41,546 shares in the last quarter. Vanguard Group Inc. lifted its position in UGI by 3.1% in the third quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock valued at $604,255,000 after acquiring an additional 781,929 shares during the last quarter. Finally, Algert Global LLC boosted its stake in UGI by 644.3% in the third quarter. Algert Global LLC now owns 209,661 shares of the utilities provider’s stock valued at $4,822,000 after acquiring an additional 181,491 shares in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Price Performance

UGI stock opened at $24.35 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.21 and a quick ratio of 1.01. The business has a 50 day simple moving average of $24.65 and a 200-day simple moving average of $23.52. UGI Co. has a 12 month low of $20.19 and a 12 month high of $30.67. The stock has a market capitalization of $5.10 billion, a PE ratio of -59.39 and a beta of 1.13.

UGI (NYSE:UGI) last released its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the business earned $1.68 EPS. The business’s revenue was down 20.6% on a year-over-year basis. Equities analysts predict that UGI Co. will post 2.91 earnings per share for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.50 dividend on an annualized basis and a yield of 6.16%. UGI’s dividend payout ratio (DPR) is presently -365.84%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UGI. Wells Fargo & Company decreased their target price on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday. Mizuho lifted their target price on shares of UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. StockNews.com upgraded shares of UGI from a “hold” rating to a “buy” rating in a research note on Friday. Finally, TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st.

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.