UGI Co. (NYSE:UGI) Shares Sold by Howland Capital Management LLC

Howland Capital Management LLC reduced its stake in UGI Co. (NYSE:UGI) by 7.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,000 shares of the utilities provider’s stock after selling 900 shares during the quarter. Howland Capital Management LLC’s holdings in UGI were worth $274,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Stolper Co lifted its holdings in shares of UGI by 0.5% in the 1st quarter. Stolper Co now owns 78,764 shares of the utilities provider’s stock worth $1,933,000 after acquiring an additional 430 shares during the last quarter. Applied Finance Capital Management LLC increased its stake in UGI by 4.2% during the 4th quarter. Applied Finance Capital Management LLC now owns 12,583 shares of the utilities provider’s stock worth $310,000 after buying an additional 503 shares during the period. Fulton Bank N.A. increased its stake in UGI by 3.6% during the 4th quarter. Fulton Bank N.A. now owns 18,171 shares of the utilities provider’s stock worth $447,000 after buying an additional 634 shares during the period. Concord Wealth Partners increased its stake in UGI by 100.0% during the 1st quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $31,000 after buying an additional 637 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its stake in UGI by 18.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 4,078 shares of the utilities provider’s stock worth $99,000 after buying an additional 648 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UGI. Mizuho upped their target price on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com raised shares of UGI from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company dropped their price objective on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, May 3rd.

UGI Trading Up 0.6 %

Shares of UGI stock traded up $0.14 during trading hours on Friday, hitting $23.20. The company had a trading volume of 89,386 shares, compared to its average volume of 2,307,844. The company’s 50-day moving average is $23.63 and its two-hundred day moving average is $24.04. UGI Co. has a twelve month low of $20.19 and a twelve month high of $27.78. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.32. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the business posted $1.68 EPS. The company’s revenue for the quarter was down 20.6% on a year-over-year basis. Sell-side analysts anticipate that UGI Co. will post 2.92 EPS for the current year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend was Friday, June 14th. UGI’s payout ratio is -365.84%.

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.