Easterly Investment Partners LLC Buys 450 Shares of UGI Co. (NYSE:UGI)

Easterly Investment Partners LLC lifted its stake in shares of UGI Co. (NYSE:UGI) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,238 shares of the utilities provider’s stock after acquiring an additional 450 shares during the quarter. Easterly Investment Partners LLC’s holdings in UGI were worth $1,482,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UGI. Texas Permanent School Fund Corp boosted its position in shares of UGI by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 183,221 shares of the utilities provider’s stock worth $4,496,000 after purchasing an additional 2,436 shares during the period. AIA Group Ltd purchased a new stake in UGI in the 1st quarter worth $296,000. SG Americas Securities LLC raised its holdings in UGI by 2,552.2% during the first quarter. SG Americas Securities LLC now owns 542,509 shares of the utilities provider’s stock valued at $13,313,000 after acquiring an additional 522,054 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of UGI by 553.4% in the first quarter. Oppenheimer & Co. Inc. now owns 81,449 shares of the utilities provider’s stock valued at $1,999,000 after acquiring an additional 68,984 shares in the last quarter. Finally, RPG Investment Advisory LLC boosted its stake in shares of UGI by 21.0% in the first quarter. RPG Investment Advisory LLC now owns 246,715 shares of the utilities provider’s stock worth $6,054,000 after acquiring an additional 42,872 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UGI. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company lifted their price objective on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th.

UGI Price Performance

NYSE:UGI opened at $23.81 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. UGI Co. has a 12 month low of $20.32 and a 12 month high of $26.15. The business’s 50-day moving average is $24.35 and its 200 day moving average is $24.15. The company has a market capitalization of $5.11 billion, a P/E ratio of 7.63 and a beta of 1.13.

UGI (NYSE:UGI) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.12. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.73 billion. UGI had a net margin of 9.13% and a return on equity of 15.65%. UGI’s quarterly revenue was down 16.8% compared to the same quarter last year. On average, equities research analysts forecast that UGI Co. will post 2.93 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.