Kestra Private Wealth Services LLC Buys New Holdings in UGI Corporation $UGI

Kestra Private Wealth Services LLC purchased a new position in shares of UGI Corporation (NYSE:UGI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,470 shares of the utilities provider’s stock, valued at approximately $730,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in UGI. Bfsg LLC lifted its stake in UGI by 4.9% during the third quarter. Bfsg LLC now owns 6,783 shares of the utilities provider’s stock worth $242,000 after purchasing an additional 316 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of UGI by 7.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 13,052 shares of the utilities provider’s stock worth $502,000 after buying an additional 898 shares in the last quarter. Covestor Ltd raised its holdings in shares of UGI by 672.2% during the 3rd quarter. Covestor Ltd now owns 3,946 shares of the utilities provider’s stock worth $141,000 after buying an additional 3,435 shares in the last quarter. Ascent Group LLC lifted its position in shares of UGI by 17.4% during the 3rd quarter. Ascent Group LLC now owns 31,594 shares of the utilities provider’s stock worth $1,127,000 after buying an additional 4,686 shares during the last quarter. Finally, Vise Technologies Inc. lifted its position in shares of UGI by 124.1% during the 3rd quarter. Vise Technologies Inc. now owns 33,482 shares of the utilities provider’s stock worth $1,194,000 after buying an additional 18,540 shares during the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Trading Down 0.4%

UGI stock traded down $0.15 during trading hours on Friday, hitting $37.07. The stock had a trading volume of 1,338,685 shares, compared to its average volume of 1,362,075. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 12.40 and a beta of 0.94. UGI Corporation has a one year low of $31.65 and a one year high of $41.34. The business’s 50 day simple moving average is $37.71 and its 200-day simple moving average is $36.73.

UGI (NYSE:UGI) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.12). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.50 billion. UGI had a return on equity of 12.80% and a net margin of 9.20%. On average, equities analysts predict that UGI Corporation will post 2.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on UGI. Scotiabank started coverage on UGI in a research report on Tuesday, September 29th. They issued an “outperform” rating and a $46.00 target price on the stock. Weiss Ratings cut shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of UGI from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research raised shares of UGI from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Finally, Wells Fargo & Company decreased their price target on shares of UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, UGI has an average rating of “Moderate Buy” and an average target price of $45.80.

UGI Company Profile

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.