Bayforest Capital Ltd Invests $571,000 in UGI Corporation $UGI

Key Points

• Bayforest Capital Ltd recently acquired 17,262 shares of UGI Corporation, valued at approximately $571,000, as part of their first quarter investment strategy.
• UGI reported a quarterly earnings per share (EPS) of ($0.01), exceeding estimates, with a revenue of $1.39 billion, slightly lower than expected.
• The company declared a quarterly dividend of $0.375 per share, reflecting a 4.4% yield for stockholders on record by September 15th.

Bayforest Capital Ltd bought a new position in shares of UGI Corporation (NYSE:UGI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,262 shares of the utilities provider's stock, valued at approximately $571,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional bought a new stake in UGI during the 1st quarter worth approximately $30,000. Private Trust Co. NA raised its position in shares of UGI by 36.1% during the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock valued at $46,000 after buying an additional 370 shares during the last quarter. Quarry LP bought a new stake in shares of UGI during the first quarter valued at approximately $51,000. SouthState Corp bought a new stake in shares of UGI during the first quarter valued at approximately $62,000. Finally, Quintet Private Bank Europe S.A. raised its position in shares of UGI by 25.3% during the first quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock valued at $62,000 after buying an additional 380 shares during the last quarter. Institutional investors own 82.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UGI shares. Wall Street Zen cut shares of UGI from a "buy" rating to a "hold" rating in a research report on Saturday. Zacks Research raised shares of UGI to a "hold" rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, UGI presently has an average rating of "Moderate Buy" and an average price target of $31.33.

UGI Stock Performance

NYSE UGI traded down $0.09 during trading hours on Monday, reaching $34.29. The stock had a trading volume of 493,097 shares, compared to its average volume of 1,914,134. The stock has a fifty day moving average of $35.38 and a 200 day moving average of $34.51. The stock has a market cap of $7.37 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. UGI Corporation has a 52-week low of $23.14 and a 52-week high of $37.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.11. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. UGI had a return on equity of 15.73% and a net margin of 5.70%.UGI's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Sell-side analysts predict that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.375 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.4%. UGI's dividend payout ratio is currently 78.95%.

UGI Company 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.