UGI Co. (NYSE:UGI) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC lessened its holdings in UGI Co. (NYSE:UGI) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,848 shares of the utilities provider’s stock after selling 8,941 shares during the period. Kennedy Capital Management LLC owned approximately 0.05% of UGI worth $2,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of UGI. American National Bank purchased a new stake in shares of UGI in the 1st quarter valued at approximately $27,000. Concord Wealth Partners boosted 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 acquiring an additional 637 shares during the period. GAMMA Investing LLC acquired a new position in UGI in the 4th quarter valued at about $32,000. Transcendent Capital Group LLC acquired a new stake in shares of UGI during the fourth quarter worth about $39,000. Finally, Neo Ivy Capital Management purchased a new position in shares of UGI in the fourth quarter valued at approximately $40,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UGI has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd. Mizuho lifted their price objective on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th.

UGI Stock Down 0.1 %

Shares of NYSE:UGI traded down $0.02 during trading on Wednesday, hitting $24.75. 118,076 shares of the company were exchanged, compared to its average volume of 2,242,340. The firm’s 50 day moving average price is $23.53 and its 200-day moving average price is $24.00. UGI Co. has a 12-month low of $20.19 and a 12-month high of $27.23. 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 stock has a market capitalization of $5.19 billion, a P/E ratio of -60.39 and a beta of 1.13.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $3.07 billion. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. UGI’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 earnings per share. On average, research analysts predict that UGI Co. will post 2.92 earnings per share for the current fiscal year.

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.