Ancora Advisors LLC Cuts Holdings in UGI Co. (NYSE:UGI)

Ancora Advisors LLC decreased its position in shares of UGI Co. (NYSE:UGI) by 32.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,340 shares of the utilities provider’s stock after selling 31,450 shares during the period. Ancora Advisors LLC’s holdings in UGI were worth $1,628,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UGI. American National Bank purchased a new position in shares of UGI during the first quarter valued at about $27,000. Concord Wealth Partners grew its position in shares of UGI by 100.0% during the first quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 637 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of UGI during the fourth quarter valued at about $32,000. Transcendent Capital Group LLC purchased a new position in UGI in the fourth quarter worth about $39,000. Finally, Neo Ivy Capital Management purchased a new position in UGI in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

Shares of NYSE:UGI opened at $24.78 on Thursday. UGI Co. has a 1 year low of $20.19 and a 1 year high of $27.23. The business has a 50 day simple moving average of $23.53 and a two-hundred day simple moving average of $24.01. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.21.

UGI (NYSE:UGI) last announced its earnings results 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. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The company’s revenue for the quarter was down 20.6% compared to the same quarter last year. Equities analysts anticipate that UGI Co. will post 2.92 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on UGI. Wells Fargo & Company dropped their price target on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 3rd. Mizuho lifted their price target on 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 report on Wednesday, July 10th.

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.