UGI Co. (NYSE:UGI) Shares Purchased by Oxbow Advisors LLC

Oxbow Advisors LLC increased its stake in shares of UGI Co. (NYSE:UGI) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 219,505 shares of the utilities provider’s stock after purchasing an additional 3,181 shares during the period. Oxbow Advisors LLC owned 0.10% of UGI worth $5,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Easterly Investment Partners LLC raised its holdings in UGI by 0.8% in the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock valued at $1,482,000 after acquiring an additional 450 shares during the last quarter. GAMMA Investing LLC raised its holdings in UGI by 24.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 512 shares during the last quarter. Signaturefd LLC raised its holdings in UGI by 7.2% in the 3rd quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock valued at $197,000 after acquiring an additional 531 shares during the last quarter. Fulton Bank N.A. raised its holdings in UGI by 3.9% in the 2nd quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock valued at $343,000 after acquiring an additional 558 shares during the last quarter. Finally, Whittier Trust Co. raised its holdings in UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 598 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Trading Down 0.2 %

Shares of UGI stock traded down $0.05 during mid-day trading on Friday, hitting $23.81. The stock had a trading volume of 1,782,439 shares, compared to its average volume of 2,116,397. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The firm has a market cap of $5.11 billion, a P/E ratio of 7.63 and a beta of 1.13. The firm has a 50-day moving average of $24.35 and a two-hundred day moving average of $24.15. UGI Co. has a 12-month low of $20.32 and a 12-month high of $26.15.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.12. The firm had revenue of $1.38 billion during 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%. The company’s revenue was down 16.8% compared to the same quarter last year. Sell-side analysts forecast that UGI Co. will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on UGI shares. StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company increased their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th.

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.