Wealth Enhancement Advisory Services LLC Grows Position in UGI Co. (NYSE:UGI)

Wealth Enhancement Advisory Services LLC increased its position in UGI Co. (NYSE:UGI - Free Report) by 28.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,532 shares of the utilities provider's stock after acquiring an additional 7,643 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in UGI were worth $975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UGI. Norges Bank acquired a new stake in shares of UGI during the fourth quarter worth about $103,115,000. FMR LLC lifted its stake in UGI by 22.4% during the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after acquiring an additional 2,110,337 shares during the period. Corvex Management LP purchased a new stake in shares of UGI in the 4th quarter valued at $55,354,000. Pictet Asset Management Holding SA boosted its holdings in shares of UGI by 5,776.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider's stock valued at $49,104,000 after acquiring an additional 1,709,820 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of UGI by 5,215.3% during the fourth quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider's stock worth $44,046,000 after purchasing an additional 1,530,911 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

Wall Street Analyst Weigh In

UGI has been the topic of several recent research reports. Wall Street Zen raised shares of UGI from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Mizuho upped their target price on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th.

UGI Stock Up 0.6%

UGI stock opened at $35.56 on Monday. UGI Co. has a one year low of $22.01 and a one year high of $36.55. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm's fifty day moving average is $33.74 and its 200 day moving average is $31.73. The firm has a market cap of $7.62 billion, a PE ratio of 14.00, a P/E/G ratio of 2.26 and a beta of 1.06.

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

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 4.22%. UGI's dividend payout ratio (DPR) is 61.73%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.