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

Wealth Enhancement Advisory Services LLC increased its stake in UGI Co. (NYSE:UGI - Free Report) by 28.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,532 shares of the utilities provider's stock after purchasing 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 & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. AIA Group Ltd lifted its stake in shares of UGI by 1.8% during the fourth quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock worth $509,000 after buying an additional 323 shares during the period. US Bancorp DE lifted its position in UGI by 3.7% during the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock worth $306,000 after acquiring an additional 388 shares during the period. State of Wyoming grew its stake in UGI by 4.6% during the 4th quarter. State of Wyoming now owns 10,005 shares of the utilities provider's stock valued at $282,000 after purchasing an additional 444 shares during the last quarter. Hourglass Capital LLC increased its holdings in shares of UGI by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock valued at $2,330,000 after purchasing an additional 470 shares during the period. Finally, Invst LLC raised its stake in shares of UGI by 1.7% in the fourth quarter. Invst LLC now owns 27,944 shares of the utilities provider's stock worth $789,000 after purchasing an additional 474 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

Analyst Ratings Changes

UGI has been the topic of a number of recent research reports. 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. Wall Street Zen raised shares of UGI from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th.

UGI Trading Up 1.5%

Shares of UGI traded up $0.54 during trading on Thursday, reaching $36.59. 1,369,019 shares of the company traded hands, compared to its average volume of 2,101,284. The stock has a 50-day simple moving average of $33.95 and a 200-day simple moving average of $31.84. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. UGI Co. has a twelve month low of $22.01 and a twelve month high of $36.61. The stock has a market cap of $7.85 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 2.26 and a beta of 1.06.

UGI (NYSE:UGI - Get Free Report) last announced its 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. UGI had a return on equity of 15.19% and a net margin of 7.73%. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the company earned $1.97 earnings per share. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.10%. The ex-dividend date is Monday, June 16th. UGI's dividend payout ratio is currently 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.