UGI Co. (NYSE:UGI) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its holdings in UGI Co. (NYSE:UGI) by 51.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,075 shares of the utilities provider’s stock after selling 100,226 shares during the period. Quantbot Technologies LP’s holdings in UGI were worth $2,333,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. American National Bank acquired a new stake in shares of UGI in the first quarter valued at approximately $27,000. Concord Wealth Partners grew its holdings in UGI by 100.0% during the 1st quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $31,000 after buying an additional 637 shares during the last quarter. GAMMA Investing LLC purchased a new position in UGI during the fourth quarter worth $32,000. Transcendent Capital Group LLC acquired a new position in shares of UGI in the fourth quarter worth $39,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of UGI in the fourth quarter valued at $40,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UGI has been the subject of a number of recent research reports. StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a research report on Wednesday. Mizuho lifted their price target on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Finally, Wells Fargo & Company reduced their price objective on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd.

UGI Trading Up 1.6 %

NYSE UGI traded up $0.36 during trading hours on Friday, hitting $23.42. 1,927,130 shares of the company’s stock were exchanged, compared to its average volume of 2,322,335. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.21. The firm has a market capitalization of $4.91 billion, a P/E ratio of -56.46 and a beta of 1.13. The business’s 50 day moving average is $23.63 and its 200-day moving average is $24.04. UGI Co. has a 12-month low of $20.19 and a 12-month high of $27.78.

UGI (NYSE:UGI) last released its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (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 business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the company earned $1.68 earnings per share. The company’s quarterly revenue was down 20.6% on a year-over-year basis. As a group, analysts anticipate that UGI Co. will post 2.92 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend was Friday, June 14th. UGI’s payout ratio is currently -365.84%.

UGI 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.