Empowered Funds LLC Has $919,000 Stock Position in UGI Co. (NYSE:UGI)

Empowered Funds LLC lowered its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 76.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 32,548 shares of the utilities provider's stock after selling 105,049 shares during the period. Empowered Funds LLC's holdings in UGI were worth $919,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. S.A. Mason LLC bought a new stake in shares of UGI during the fourth quarter worth approximately $27,000. Concord Wealth Partners boosted its holdings in shares of UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider's stock worth $32,000 after acquiring an additional 637 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of UGI during the fourth quarter worth approximately $36,000. UMB Bank n.a. boosted its holdings in shares of UGI by 67.1% during the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock worth $38,000 after acquiring an additional 540 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of UGI by 189.9% during the third quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider's stock worth $52,000 after acquiring an additional 1,358 shares during the period. Institutional investors own 82.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UGI shares. Jefferies Financial Group started coverage on UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 price objective for the company. Mizuho upgraded UGI from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.33.

UGI Price Performance

Shares of NYSE UGI traded up $0.37 during midday trading on Friday, reaching $33.12. The company's stock had a trading volume of 2,850,848 shares, compared to its average volume of 2,075,178. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $33.58. The business's 50 day moving average price is $29.78 and its two-hundred day moving average price is $26.69. The company has a market cap of $7.11 billion, a P/E ratio of 13.04, a P/E/G ratio of 2.26 and a beta of 1.21.

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

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.53%. UGI's dividend payout ratio is currently 59.06%.

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.