UGI Corporation $UGI Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its stake in shares of UGI Corporation (NYSE:UGI) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 293,409 shares of the utilities provider’s stock after selling 21,424 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in UGI were worth $10,466,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UGI. Eagle Harbor Asset Management Inc. ADV acquired a new position in UGI during the 3rd quarter valued at approximately $473,000. Nisa Investment Advisors LLC grew its stake in UGI by 6.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 117,872 shares of the utilities provider’s stock worth $4,249,000 after buying an additional 6,666 shares during the last quarter. Diversify Advisory Services LLC grew its stake in UGI by 112.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 20,921 shares of the utilities provider’s stock worth $785,000 after buying an additional 11,081 shares during the last quarter. CWA Asset Management Group LLC grew its stake in UGI by 153.5% during the 3rd quarter. CWA Asset Management Group LLC now owns 95,069 shares of the utilities provider’s stock worth $3,391,000 after buying an additional 57,570 shares during the last quarter. Finally, Investment Research Partners LLC increased its position in UGI by 28.1% in the third quarter. Investment Research Partners LLC now owns 15,536 shares of the utilities provider’s stock worth $554,000 after buying an additional 3,407 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Trading Up 0.2%

UGI stock opened at $38.65 on Friday. UGI Corporation has a 12-month low of $31.65 and a 12-month high of $41.34. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.22. The stock has a market capitalization of $8.29 billion, a PE ratio of 13.20 and a beta of 0.93. The firm has a 50 day simple moving average of $37.55 and a 200-day simple moving average of $36.23.

UGI (NYSE:UGI) last announced its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) 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 firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.50 billion. As a group, equities research analysts expect that UGI Corporation will post 2.81 EPS for the current fiscal year.

UGI Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UGI shares. Zacks Research downgraded shares of UGI from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Wall Street Zen upgraded UGI from a “sell” rating to a “hold” rating in a research report on Sunday, October 18th. Huntington began coverage on UGI in a research report on Monday, September 14th. They set an “outperform” rating and a $54.00 price target for the company. Scotiabank began coverage on UGI in a research note on Tuesday, September 29th. They issued an “outperform” rating and a $46.00 price target for the company. Finally, Jefferies Financial Group raised UGI from a “hold” rating to a “buy” rating and raised their price target for the company from $40.00 to $43.00 in a report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.80.

About UGI

UGI Corporation is a diversified energy company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, it has developed into an operator and distributor of energy businesses serving residential, commercial, industrial and institutional customers.

Through UGI Utilities, the company distributes natural gas and provides electric utility service in parts of Pennsylvania. Its other operations include natural gas marketing, midstream services and energy-related activities in the United States, along with propane distribution through AmeriGas and liquefied petroleum gas distribution in Europe through UGI International.

UGI’s businesses serve customers across the United States and selected European markets.