Invst LLC Purchases Shares of 28,385 UGI Co. (NYSE:UGI)

Invst LLC purchased a new stake in shares of UGI Co. (NYSE:UGI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,385 shares of the utilities provider’s stock, valued at approximately $682,000.

Other large investors have also made changes to their positions in the company. Easterly Investment Partners LLC bought a new position in shares of UGI during the 1st quarter valued at approximately $1,005,000. Bragg Financial Advisors Inc grew its stake in shares of UGI by 10.0% during the 4th quarter. Bragg Financial Advisors Inc now owns 652,439 shares of the utilities provider’s stock valued at $16,050,000 after acquiring an additional 59,543 shares during the period. Jump Financial LLC grew its stake in shares of UGI by 62.5% during the 4th quarter. Jump Financial LLC now owns 356,432 shares of the utilities provider’s stock valued at $8,768,000 after acquiring an additional 137,114 shares during the period. Russell Investments Group Ltd. grew its stake in shares of UGI by 5.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider’s stock valued at $43,121,000 after acquiring an additional 83,219 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of UGI by 57.5% during the 1st quarter. BNP Paribas Financial Markets now owns 523,873 shares of the utilities provider’s stock valued at $12,856,000 after acquiring an additional 191,260 shares during the period. 82.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UGI has been the subject of a number of recent research reports. Mizuho boosted their price objective on UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company dropped their price target on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd.

UGI Stock Down 0.9 %

UGI stock traded down $0.22 during midday trading on Friday, hitting $24.70. The company’s stock had a trading volume of 1,461,164 shares, compared to its average volume of 1,737,237. UGI Co. has a 12 month low of $20.19 and a 12 month high of $26.26. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44. The company has a 50 day moving average of $23.55 and a two-hundred day moving average of $24.02.

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

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.