Gibraltar Capital Management Inc. Has $799,000 Position in UGI Co. (NYSE:UGI)

Gibraltar Capital Management Inc. grew its position in UGI Co. (NYSE:UGI) by 68.2% during the 4th quarter, HoldingsChannel reports. The firm owned 32,471 shares of the utilities provider’s stock after purchasing an additional 13,164 shares during the quarter. Gibraltar Capital Management Inc.’s holdings in UGI were worth $799,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in UGI by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock valued at $604,255,000 after buying an additional 781,929 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of UGI by 503.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,904,763 shares of the utilities provider’s stock worth $66,810,000 after purchasing an additional 2,423,713 shares in the last quarter. Federated Hermes Inc. grew its position in UGI by 5.5% in the fourth quarter. Federated Hermes Inc. now owns 2,502,192 shares of the utilities provider’s stock valued at $61,554,000 after purchasing an additional 130,010 shares in the last quarter. Russell Investments Group Ltd. increased its stake in UGI by 19.9% in the 4th quarter. Russell Investments Group Ltd. now owns 1,673,993 shares of the utilities provider’s stock valued at $41,181,000 after buying an additional 277,502 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in UGI by 6.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,482,010 shares of the utilities provider’s stock worth $34,086,000 after buying an additional 86,424 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Wall Street Analyst Weigh In

UGI has been the subject of several recent research reports. Wells Fargo & Company cut UGI from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $27.00 to $28.00 in a research report on Thursday, March 14th. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. TheStreet raised UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. Finally, Mizuho increased their target price 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.

UGI Trading Down 0.6 %

Shares of NYSE UGI traded down $0.15 during trading on Tuesday, reaching $25.57. The company had a trading volume of 3,306,729 shares, compared to its average volume of 2,049,253. The stock has a market cap of $5.36 billion, a P/E ratio of -11.62 and a beta of 1.16. UGI Co. has a 12 month low of $20.19 and a 12 month high of $34.26. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. The company’s fifty day moving average price is $24.60 and its 200-day moving average price is $23.44.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.98 billion. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. As a group, research analysts expect that UGI Co. will post 2.9 earnings per share for the current year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date was Thursday, March 14th. UGI’s payout ratio is currently -68.18%.

UGI Profile

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.