Wealthedge Investment Advisors LLC Makes New $487,000 Investment in UGI Co. (NYSE:UGI)

Wealthedge Investment Advisors LLC acquired a new position in shares of UGI Co. (NYSE:UGI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,267 shares of the utilities provider's stock, valued at approximately $487,000.

A number of other institutional investors have also recently bought and sold shares of UGI. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of UGI during the 4th quarter valued at about $10,408,000. Invst LLC lifted its holdings in shares of UGI by 1.7% during the 4th quarter. Invst LLC now owns 27,944 shares of the utilities provider's stock valued at $789,000 after buying an additional 474 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of UGI by 18.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 669,918 shares of the utilities provider's stock valued at $18,912,000 after buying an additional 103,124 shares during the last quarter. Sourcerock Group LLC lifted its holdings in shares of UGI by 236.8% during the 4th quarter. Sourcerock Group LLC now owns 1,025,000 shares of the utilities provider's stock valued at $28,936,000 after buying an additional 720,700 shares during the last quarter. Finally, State of Wyoming lifted its holdings in shares of 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 buying an additional 444 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Stock Performance

UGI traded up $0.17 on Friday, hitting $36.07. The company had a trading volume of 1,971,722 shares, compared to its average volume of 2,213,714. The company's fifty day moving average price is $33.46 and its 200 day moving average price is $31.33. UGI Co. has a 1-year low of $22.01 and a 1-year high of $36.35. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The stock has a market cap of $7.73 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05.

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

UGI Dividend Announcement

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 $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.16%. The ex-dividend date is Monday, June 16th. UGI's dividend payout ratio is currently 61.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on UGI shares. Wall Street Zen upgraded UGI from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Mizuho boosted their target price on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th.

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.