19,152 Shares in UGI Corporation $UGI Purchased by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. acquired 19,152 shares of UGI Corporation, valued at approximately $633,000, during the first quarter.
• UGI Corporation recently declared a quarterly dividend of $0.375 per share, with an annualized yield of 4.3%, set to be paid on October 1st.
• Wall Street analysts have mixed opinions on UGI, with ratings ranging from "strong-buy" to "hold" and an average price target of $31.33.

Landscape Capital Management L.L.C. bought a new stake in shares of UGI Corporation (NYSE:UGI - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 19,152 shares of the utilities provider's stock, valued at approximately $633,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC increased its stake in shares of UGI by 1.9% during the 1st quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider's stock worth $581,000 after purchasing an additional 323 shares in the last quarter. Private Trust Co. NA lifted its stake in UGI by 36.1% in the 1st 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 in the last quarter. Quintet Private Bank Europe S.A. grew its holdings in UGI by 25.3% during the 1st 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. Linden Thomas Advisory Services LLC increased its position in UGI by 5.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 8,908 shares of the utilities provider's stock worth $295,000 after buying an additional 422 shares in the last quarter. Finally, State of Wyoming increased its position in UGI by 4.6% during the fourth quarter. State of Wyoming now owns 10,005 shares of the utilities provider's stock worth $282,000 after buying an additional 444 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

Wall Street Analysts Forecast Growth

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

UGI Stock Up 0.0%

Shares of NYSE:UGI opened at $34.62 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.65 and a beta of 1.05. The stock's 50-day moving average price is $35.66 and its two-hundred day moving average price is $34.39. UGI Corporation has a 12-month low of $23.14 and a 12-month high of $37.42.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.77 billion. UGI had a net margin of 5.70% and a return on equity of 15.73%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS. On average, research analysts forecast that UGI Corporation will post 3.02 EPS for the current year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.3%. UGI's dividend payout ratio (DPR) is currently 78.95%.

About UGI

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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