17,262 Shares in UGI Corporation $UGI Bought by Bayforest Capital Ltd

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 acquired a new position in shares of UGI Corporation (NYSE:UGI - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,262 shares of the utilities provider's stock, valued at approximately $571,000.

A number of other hedge funds have also recently made changes to their positions in UGI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in UGI by 17.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 785,327 shares of the utilities provider's stock valued at $25,971,000 after buying an additional 115,409 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in UGI by 1,033.4% during the first quarter. Coppell Advisory Solutions LLC now owns 34,114 shares of the utilities provider's stock worth $1,117,000 after acquiring an additional 31,104 shares during the period. Sciencast Management LP acquired a new stake in UGI during the first quarter worth about $1,993,000. Goldman Sachs Group Inc. grew its holdings in UGI by 14.3% in the first quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider's stock valued at $30,781,000 after purchasing an additional 116,372 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in UGI in the first quarter valued at approximately $1,149,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Trading Down 0.2%

UGI opened at $34.24 on Wednesday. UGI Corporation has a 12 month low of $23.14 and a 12 month high of $37.42. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.64 and a beta of 1.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56. The business has a fifty day moving average price of $35.42 and a 200 day moving average price of $34.47.

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

UGI Announces Dividend

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

Analyst Ratings Changes

Several research firms recently commented on UGI. Mizuho increased their price objective on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen downgraded UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Zacks Research upgraded UGI to a "hold" rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, UGI has an average rating of "Moderate Buy" and an average target price of $31.33.

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.

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