Csenge Advisory Group Purchases 20,865 Shares of UGI Co. (NYSE:UGI)

Csenge Advisory Group boosted its stake in shares of UGI Co. (NYSE:UGI) by 90.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,027 shares of the utilities provider’s stock after buying an additional 20,865 shares during the period. Csenge Advisory Group’s holdings in UGI were worth $1,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of UGI. Citigroup Inc. lifted its holdings in shares of UGI by 33.0% during the 3rd quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock valued at $5,087,000 after purchasing an additional 50,485 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of UGI by 2,402.0% during the 3rd quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock valued at $652,000 after purchasing an additional 25,005 shares during the last quarter. FMR LLC lifted its holdings in shares of UGI by 42.0% during the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after purchasing an additional 2,786,878 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of UGI by 35.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock valued at $30,718,000 after purchasing an additional 318,655 shares during the last quarter. Finally, Commerce Bank purchased a new stake in shares of UGI during the 3rd quarter valued at $645,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UGI. Jefferies Financial Group began coverage on UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective for the company. Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $27.00 to $30.00 in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, UGI presently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

UGI Stock Performance

Shares of UGI stock opened at $32.31 on Monday. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. The business has a fifty day moving average of $29.45 and a 200 day moving average of $26.49. UGI Co. has a 1 year low of $22.01 and a 1 year high of $32.66.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping 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, research analysts expect that UGI Co. will post 3 earnings per share for the current year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio is currently 59.06%.

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.