Allspring Global Investments Holdings LLC Acquires 46,377 Shares of UGI Co. (NYSE:UGI)

Allspring Global Investments Holdings LLC lifted its position in shares of UGI Co. (NYSE:UGI - Free Report) by 945.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,280 shares of the utilities provider's stock after purchasing an additional 46,377 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in UGI were worth $1,283,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Whittier Trust Co. raised its position in UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider's stock valued at $27,000 after buying an additional 598 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of UGI during the second quarter valued at about $32,000. Duncker Streett & Co. Inc. purchased a new position in UGI during the second quarter worth about $34,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in UGI in the 2nd quarter worth about $40,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in UGI in the 1st quarter valued at about $44,000. 82.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UGI has been the subject of several recent analyst reports. StockNews.com lowered UGI from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Wells Fargo & Company raised their target price on UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th.

UGI Stock Performance

Shares of UGI stock traded down $0.45 on Friday, reaching $23.46. 1,687,092 shares of the company traded hands, compared to its average volume of 2,116,102. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. The firm has a market capitalization of $5.04 billion, a PE ratio of 7.52 and a beta of 1.13. The company has a 50 day moving average of $24.45 and a 200 day moving average of $24.18. UGI Co. has a 52 week low of $20.32 and a 52 week high of $26.15.

UGI (NYSE:UGI - Get Free Report) last released its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.12. UGI had a return on equity of 15.65% and a net margin of 9.13%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.73 billion. The firm's quarterly revenue was down 16.8% compared to the same quarter last year. Equities analysts forecast that UGI Co. will post 2.93 earnings per share for the current year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend was Monday, September 16th. UGI's payout ratio is currently 48.08%.

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.