Foster & Motley Inc. Lowers Stock Position in UGI Co. (NYSE:UGI)

Foster & Motley Inc. lessened its position in UGI Co. (NYSE:UGI) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,466 shares of the utilities provider’s stock after selling 5,847 shares during the quarter. Foster & Motley Inc.’s holdings in UGI were worth $2,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Whittier Trust Co. raised its position in shares of UGI by 99.7% during the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 598 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in UGI in the 2nd quarter valued at $32,000. Concord Wealth Partners lifted its position in UGI by 100.0% in the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 637 shares during the period. Duncker Streett & Co. Inc. purchased a new stake in shares of UGI in the second quarter valued at approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UGI during the 2nd quarter worth $40,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

UGI Stock Up 2.0 %

UGI stock opened at $23.92 on Thursday. UGI Co. has a 52 week low of $20.32 and a 52 week high of $26.15. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The firm’s 50-day moving average is $24.38 and its two-hundred day moving average is $24.17. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 7.67 and a beta of 1.13.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. UGI had a net margin of 9.13% and a return on equity of 15.65%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.73 billion. The firm’s quarterly revenue was down 16.8% compared to the same quarter last year. On average, analysts forecast that UGI Co. will post 2.93 earnings per share for the current fiscal year.

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.