SG Americas Securities LLC Purchases New Position in UGI Corporation (NYSE:UGI)

SG Americas Securities LLC purchased a new stake in shares of UGI Corporation (NYSE:UGI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,980 shares of the utilities provider's stock, valued at approximately $1,124,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after purchasing an additional 611 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of UGI in the 4th quarter worth $25,000. GeoWealth Management LLC purchased a new position in UGI during the 4th quarter worth $27,000. Flagship Wealth Advisors LLC purchased a new position in UGI during the 4th quarter worth $30,000. Finally, Vision Financial Markets LLC acquired a new position in UGI during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Stock Performance

NYSE:UGI traded up $0.14 during midday trading on Thursday, hitting $36.37. The company's stock had a trading volume of 2,091,455 shares, compared to its average volume of 2,087,333. UGI Corporation has a fifty-two week low of $22.01 and a fifty-two week high of $36.62. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.23 and a quick ratio of 1.05. The firm has a market cap of $7.80 billion, a P/E ratio of 14.97, a P/E/G ratio of 2.23 and a beta of 1.06. The firm's 50 day moving average is $34.51 and its 200-day moving average is $32.05.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. UGI had a net margin of 7.28% and a return on equity of 16.21%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.97 earnings per share. Equities analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.12%. UGI's dividend payout ratio (DPR) is presently 61.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UGI. Wall Street Zen upgraded UGI from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Mizuho lifted their target price on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th.

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.