Oxbow Advisors LLC Raises Position in UGI Co. (NYSE:UGI)

Oxbow Advisors LLC raised its holdings in UGI Co. (NYSE:UGI) by 1.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 219,505 shares of the utilities provider’s stock after acquiring an additional 3,181 shares during the quarter. Oxbow Advisors LLC’s holdings in UGI were worth $5,492,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UGI. Whittier Trust Co. boosted its position in UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after buying an additional 598 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of UGI in the 2nd quarter valued at $32,000. Concord Wealth Partners raised its holdings in shares of UGI by 100.0% in the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 637 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of UGI in the 2nd quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of UGI in the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Down 0.2 %

NYSE:UGI traded down $0.05 during midday trading on Friday, hitting $23.81. 1,782,439 shares of the company were exchanged, compared to its average volume of 2,116,397. The company has a fifty day simple moving average of $24.35 and a 200 day simple moving average of $24.15. UGI Co. has a fifty-two week low of $20.32 and a fifty-two week high of $26.15. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $5.11 billion, a PE ratio of 7.63 and a beta of 1.13.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. UGI had a net margin of 9.13% and a return on equity of 15.65%. UGI’s quarterly revenue was down 16.8% on a year-over-year basis. As a group, equities analysts anticipate that UGI Co. will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UGI. Wells Fargo & Company raised their price objective on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. StockNews.com lowered shares of UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

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.