UGI Co. (NYSE:UGI) Shares Sold by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lowered its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 239,401 shares of the utilities provider's stock after selling 16,564 shares during the quarter. Cyndeo Wealth Partners LLC owned about 0.11% of UGI worth $7,917,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in UGI. Altshuler Shaham Ltd purchased a new position in shares of UGI during the 4th quarter worth approximately $25,000. Bessemer Group Inc. grew its holdings in UGI by 216.7% during the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after acquiring an additional 611 shares during the period. GeoWealth Management LLC acquired a new position in UGI during the fourth quarter worth $27,000. Flagship Wealth Advisors LLC purchased a new position in UGI in the fourth quarter worth $30,000. Finally, CX Institutional acquired a new stake in UGI in the first quarter valued at $30,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Wall Street Analyst Weigh In

UGI has been the topic of a number of research analyst reports. Mizuho boosted their price objective on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Wall Street Zen raised shares of UGI from a "buy" rating to a "strong-buy" rating in a research note on Saturday.

UGI Trading Down 0.9%

Shares of UGI stock traded down $0.32 on Monday, reaching $35.88. 1,540,193 shares of the stock were exchanged, compared to its average volume of 2,091,077. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The stock has a market cap of $7.69 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 2.26 and a beta of 1.06. The firm has a 50 day moving average of $34.19 and a two-hundred day moving average of $31.96. UGI Co. has a 1-year low of $22.01 and a 1-year high of $36.62.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.41. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $3.26 billion. UGI had a return on equity of 15.19% and a net margin of 7.73%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 earnings per share. On average, research analysts anticipate that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.18%. UGI's dividend payout ratio (DPR) is 61.73%.

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.