Csenge Advisory Group Grows Stake in UGI Co. (NYSE:UGI)

Csenge Advisory Group boosted its holdings in UGI Co. (NYSE:UGI - Free Report) by 90.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,027 shares of the utilities provider's stock after purchasing an additional 20,865 shares during the period. Csenge Advisory Group's holdings in UGI were worth $1,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Easterly Investment Partners LLC grew its position in UGI by 0.8% during the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider's stock worth $1,482,000 after buying an additional 450 shares in the last quarter. Hourglass Capital LLC boosted its holdings in UGI by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock valued at $2,330,000 after acquiring an additional 470 shares during the period. Wright Investors Service Inc. boosted its holdings in UGI by 1.3% during the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider's stock valued at $1,050,000 after acquiring an additional 484 shares during the period. MetLife Investment Management LLC raised its position in UGI by 0.4% during the 3rd quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider's stock valued at $2,774,000 after purchasing an additional 489 shares during the last quarter. Finally, Abundance Wealth Counselors raised its position in UGI by 1.7% during the 4th quarter. Abundance Wealth Counselors now owns 29,514 shares of the utilities provider's stock valued at $833,000 after purchasing an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

Wall Street Analyst Weigh In

UGI has been the subject of several research reports. Jefferies Financial Group initiated coverage on UGI in a research report on Friday, November 22nd. They issued a "buy" rating and a $28.00 target price for the company. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $28.33.

UGI Stock Performance

UGI stock traded down $0.41 during trading on Wednesday, reaching $32.64. The company had a trading volume of 1,016,509 shares, compared to its average volume of 1,987,719. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The firm's 50-day simple moving average is $29.62 and its 200 day simple moving average is $26.60. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 2.23 and a beta of 1.21. UGI Co. has a 52 week low of $22.01 and a 52 week high of $33.11.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. Sell-side analysts forecast that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a $0.375 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.60%. UGI's dividend payout ratio (DPR) is 59.06%.

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.