Eagle Harbor Asset Management Inc. ADV Purchases 13,248 Shares of UGI Corporation $UGI

Eagle Harbor Asset Management Inc. ADV purchased a new stake in UGI Corporation (NYSE:UGI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 13,248 shares of the utilities provider’s stock, valued at approximately $473,000.

A number of other institutional investors also recently modified their holdings of UGI. Nisa Investment Advisors LLC lifted its position in shares of UGI by 6.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 117,872 shares of the utilities provider’s stock worth $4,249,000 after buying an additional 6,666 shares during the last quarter. Diversify Advisory Services LLC grew its position in UGI by 112.6% in the third quarter. Diversify Advisory Services LLC now owns 20,921 shares of the utilities provider’s stock valued at $785,000 after acquiring an additional 11,081 shares during the last quarter. CWA Asset Management Group LLC grew its position in UGI by 153.5% in the third quarter. CWA Asset Management Group LLC now owns 95,069 shares of the utilities provider’s stock valued at $3,391,000 after acquiring an additional 57,570 shares during the last quarter. Investment Research Partners LLC grew its position in UGI by 28.1% in the third quarter. Investment Research Partners LLC now owns 15,536 shares of the utilities provider’s stock valued at $554,000 after acquiring an additional 3,407 shares during the last quarter. Finally, Clark Financial Services Group Inc. BD grew its position in UGI by 20.6% in the third quarter. Clark Financial Services Group Inc. BD now owns 13,247 shares of the utilities provider’s stock valued at $473,000 after acquiring an additional 2,260 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on UGI shares. Wells Fargo & Company lowered their target price on UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Wall Street Zen upgraded shares of UGI from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings lowered shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Jefferies Financial Group raised shares of UGI from a “hold” rating to a “buy” rating and lifted their price target for the company from $40.00 to $43.00 in a report on Wednesday, September 9th. Finally, Scotiabank initiated coverage on shares of UGI in a research report on Tuesday, September 29th. They set an “outperform” rating and a $46.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.80.

UGI Price Performance

Shares of NYSE:UGI opened at $38.56 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.22 and a current ratio of 1.44. UGI Corporation has a 52 week low of $31.65 and a 52 week high of $41.34. The firm has a market cap of $8.27 billion, a PE ratio of 12.90 and a beta of 0.93. The firm’s fifty day moving average is $37.41 and its 200-day moving average is $36.20.

UGI (NYSE:UGI) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.50 billion. UGI had a net margin of 9.20% and a return on equity of 12.80%. Sell-side analysts predict that UGI Corporation will post 2.81 earnings per share for the current year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a $0.3750 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, September 15th. UGI’s payout ratio is 50.17%.

UGI Company Profile

UGI Corporation is a diversified energy company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, it has developed into an operator and distributor of energy businesses serving residential, commercial, industrial and institutional customers.

Through UGI Utilities, the company distributes natural gas and provides electric utility service in parts of Pennsylvania. Its other operations include natural gas marketing, midstream services and energy-related activities in the United States, along with propane distribution through AmeriGas and liquefied petroleum gas distribution in Europe through UGI International.

UGI’s businesses serve customers across the United States and selected European markets.