Kingsview Wealth Management LLC Invests $740,000 in UGI Co. (NYSE:UGI)

Kingsview Wealth Management LLC purchased a new stake in shares of UGI Co. (NYSE:UGI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,215 shares of the utilities provider's stock, valued at approximately $740,000.

A number of other hedge funds have also recently made changes to their positions in the business. FMR LLC boosted its stake in shares of UGI by 42.0% in the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider's stock worth $235,660,000 after acquiring an additional 2,786,878 shares during the period. Geode Capital Management LLC boosted its stake in shares of UGI by 33.8% in the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider's stock worth $127,246,000 after acquiring an additional 1,202,938 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of UGI by 47.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider's stock worth $62,630,000 after acquiring an additional 808,113 shares during the period. Hennessy Advisors Inc. boosted its stake in shares of UGI by 2,050.9% in the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock worth $67,067,000 after acquiring an additional 2,265,300 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of UGI by 105.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,507,263 shares of the utilities provider's stock worth $37,712,000 after acquiring an additional 774,770 shares during the period. Institutional investors own 82.34% of the company's stock.

UGI Price Performance

UGI stock traded down $0.04 during midday trading on Friday, reaching $32.31. 1,202,900 shares of the stock traded hands, compared to its average volume of 1,850,041. The stock's fifty day moving average is $29.45 and its 200-day moving average is $26.49. UGI Co. has a 12 month low of $22.01 and a 12 month high of $32.66. The stock has a market cap of $6.94 billion, a P/E ratio of 12.72, a PEG ratio of 2.22 and a beta of 1.21. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48.

UGI (NYSE:UGI - Get Free Report) last announced 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 15.21% and a net margin of 7.73%. As a group, equities research analysts anticipate that UGI Co. will post 3 EPS for the current 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 issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.64%. UGI's payout ratio is currently 59.06%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on UGI in a research note on Friday, November 22nd. They issued a "buy" rating and a $28.00 price objective for the company. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and increased their price target for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, UGI has an average rating of "Moderate Buy" and a consensus target price of $28.33.

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.