Transcendent Capital Group LLC Purchases Shares of 1,567 UGI Co. (NYSE:UGI)

Transcendent Capital Group LLC acquired a new stake in UGI Co. (NYSE:UGI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,567 shares of the utilities provider’s stock, valued at approximately $39,000.

Other large investors also recently modified their holdings of the company. Stolper Co acquired a new position in UGI in the 4th quarter valued at $1,927,000. Comerica Bank increased its position in UGI by 316.5% during the third quarter. Comerica Bank now owns 179,049 shares of the utilities provider’s stock worth $4,118,000 after acquiring an additional 136,058 shares during the period. Occidental Asset Management LLC raised its stake in UGI by 247.8% in the 4th quarter. Occidental Asset Management LLC now owns 58,309 shares of the utilities provider’s stock worth $1,434,000 after purchasing an additional 41,546 shares in the last quarter. Bragg Financial Advisors Inc boosted its holdings in UGI by 10.0% in the 4th quarter. Bragg Financial Advisors Inc now owns 652,439 shares of the utilities provider’s stock valued at $16,050,000 after purchasing an additional 59,543 shares during the period. Finally, Jump Financial LLC grew its position 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 worth $8,768,000 after purchasing an additional 137,114 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a research report on Wednesday, February 21st. Mizuho upped their target price on UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. StockNews.com raised UGI from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. 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 Price Performance

Shares of NYSE UGI traded up $0.51 during trading hours on Friday, hitting $22.63. 2,686,096 shares of the stock were exchanged, compared to its average volume of 3,289,242. The company’s fifty day simple moving average is $24.46 and its two-hundred day simple moving average is $24.08. The company has a market cap of $4.74 billion, a PE ratio of -55.19 and a beta of 1.14. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.21. UGI Co. has a 1-year low of $20.19 and a 1-year high of $28.15.

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

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 6.63%. The ex-dividend date is Friday, June 14th. UGI’s payout ratio is -365.84%.

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.