UGI Corporation $UGI Shares Purchased by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners increased its UGI position by 13.4% in the third quarter, adding 34,563 shares to hold 292,744 shares valued at approximately $10.4 million. Institutional investors and hedge funds collectively own 82.34% of UGI.
• UGI shares rose 2.5% to $38.46, while the company maintains a quarterly dividend of $0.375 per share, equivalent to a 3.9% annual yield.
• UGI’s latest quarterly results fell short of expectations, with an EPS loss of $0.20 versus the projected $0.08 loss and revenue of $1.33 billion versus the $1.50 billion estimate. Despite the miss, analysts maintain a consensus “Moderate Buy” rating with a $45.80 target price.

Cyndeo Wealth Partners LLC raised its position in shares of UGI Corporation (NYSE:UGI - Free Report) by 13.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 292,744 shares of the utilities provider's stock after purchasing an additional 34,563 shares during the quarter. Cyndeo Wealth Partners LLC owned about 0.14% of UGI worth $10,442,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of UGI in the second quarter valued at $73,069,000. Russell Investments Group Ltd. boosted its stake in UGI by 75.7% during the second quarter. Russell Investments Group Ltd. now owns 1,335,508 shares of the utilities provider's stock valued at $46,130,000 after buying an additional 575,239 shares in the last quarter. Energy Income Partners LLC boosted its stake in UGI by 1.5% during the second quarter. Energy Income Partners LLC now owns 1,302,403 shares of the utilities provider's stock valued at $44,985,000 after buying an additional 18,808 shares in the last quarter. Private Management Group Inc. boosted its stake in UGI by 10.8% during the second quarter. Private Management Group Inc. now owns 1,057,888 shares of the utilities provider's stock valued at $36,539,000 after buying an additional 103,470 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in UGI by 11.6% during the second quarter. Allianz Asset Management GmbH now owns 662,274 shares of the utilities provider's stock worth $22,875,000 after acquiring an additional 69,054 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Trading Up 2.5%

Shares of NYSE:UGI traded up $0.94 during midday trading on Friday, reaching $38.46. The company had a trading volume of 1,862,808 shares, compared to its average volume of 1,793,284. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.22 and a current ratio of 1.44. UGI Corporation has a 1-year low of $31.65 and a 1-year high of $41.34. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 12.86 and a beta of 0.93. The company has a fifty day simple moving average of $37.26 and a two-hundred day simple moving average of $36.17.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.12). UGI had a return on equity of 12.80% and a net margin of 9.20%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.50 billion. Research analysts predict that UGI Corporation will post 2.81 earnings per share for the current year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a dividend of $0.3750 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 3.9%. UGI's dividend payout ratio (DPR) is presently 50.17%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UGI. Weiss Ratings lowered shares of UGI from a "buy (b)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Scotiabank assumed coverage on shares of UGI in a report on Tuesday, September 29th. They issued an "outperform" rating and a $46.00 target price on the stock. Wells Fargo & Company cut their target price on shares of UGI from $45.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday, August 7th. Jefferies Financial Group raised shares of UGI from a "hold" rating to a "buy" rating and increased their target price for the company from $40.00 to $43.00 in a research note on Wednesday, September 9th. Finally, Huntington initiated coverage on shares of UGI in a report on Monday, September 14th. They set an "outperform" rating and a $54.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.80.

About UGI

UGI Corporation is a diversified energy company headquartered in King of Prussia, Pennsylvania. Through its subsidiaries, the company distributes and markets natural gas, propane, electricity and related energy products to residential, commercial, industrial and institutional customers.

UGI Utilities operates regulated natural gas and electric distribution businesses in Pennsylvania and provides natural gas, electric and related services to customers in the region. The company also owns AmeriGas, one of the largest retail propane distributors in the United States, serving households, businesses, agricultural customers and other end users through a nationwide distribution network.

UGI has additional energy operations in Europe through its international LPG businesses and participates in energy marketing, midstream and related activities.

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