Fifth Third Wealth Advisors LLC Purchases 472 Shares of UGI Corporation $UGI

Fifth Third Wealth Advisors LLC grew its position in shares of UGI Corporation (NYSE:UGI) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,414 shares of the utilities provider’s stock after buying an additional 472 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in UGI were worth $270,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Wealthspire Advisors LLC increased its position in shares of UGI by 1.9% in the first quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider’s stock worth $581,000 after purchasing an additional 323 shares during the period. Belpointe Asset Management LLC increased its position in shares of UGI by 3.8% in the first quarter. Belpointe Asset Management LLC now owns 9,758 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 359 shares during the period. Private Trust Co. NA increased its position in shares of UGI by 36.1% in the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 370 shares during the period. Linden Thomas Advisory Services LLC increased its position in shares of UGI by 5.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 8,908 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 422 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of UGI by 7.3% in the first quarter. GAMMA Investing LLC now owns 8,398 shares of the utilities provider’s stock worth $278,000 after purchasing an additional 573 shares during the period. Institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

Shares of UGI stock opened at $31.74 on Tuesday. The business’s 50-day moving average price is $34.01 and its 200-day moving average price is $34.47. UGI Corporation has a 12 month low of $23.14 and a 12 month high of $37.42. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.46 and a beta of 1.06. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, August 30th. The utilities provider reported $0.06 EPS for the quarter. The firm had revenue of $2.03 billion for the quarter. UGI had a return on equity of 15.73% and a net margin of 5.70%. Equities research analysts forecast that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, September 15th. UGI’s payout ratio is currently 78.95%.

Analyst Ratings Changes

UGI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded UGI from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Zacks Research raised UGI to a “hold” rating in a research note on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UGI in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $31.33.

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.