28,385 Shares in UGI Co. (NYSE:UGI) Acquired by Invst LLC

Invst LLC acquired a new position in shares of UGI Co. (NYSE:UGI) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 28,385 shares of the utilities provider’s stock, valued at approximately $682,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Easterly Investment Partners LLC purchased a new position in UGI during the first quarter worth approximately $1,005,000. Bragg Financial Advisors Inc lifted its position in UGI by 10.0% during the fourth quarter. Bragg Financial Advisors Inc now owns 652,439 shares of the utilities provider’s stock worth $16,050,000 after buying an additional 59,543 shares in the last quarter. Jump Financial LLC lifted its position in UGI by 62.5% during the fourth quarter. Jump Financial LLC now owns 356,432 shares of the utilities provider’s stock worth $8,768,000 after buying an additional 137,114 shares in the last quarter. Russell Investments Group Ltd. lifted its position in UGI by 5.0% during the first quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider’s stock worth $43,121,000 after buying an additional 83,219 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in UGI by 57.5% during the first quarter. BNP Paribas Financial Markets now owns 523,873 shares of the utilities provider’s stock worth $12,856,000 after buying an additional 191,260 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Trading Down 0.9 %

NYSE:UGI traded down $0.22 on Friday, reaching $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 debt-to-equity ratio of 1.44, a current ratio of 1.21 and a quick ratio of 1.01. The stock has a 50 day moving average price of $23.55 and a 200 day moving average price of $24.02.

UGI (NYSE:UGI) last posted its quarterly earnings data 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. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.68 EPS. Research analysts predict that UGI Co. will post 2.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

UGI has been the topic of a number of analyst reports. StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a research report on Wednesday, July 10th. Mizuho lifted 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. Finally, Wells Fargo & Company reduced their target price on 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 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.