SG Americas Securities LLC Invests $1.12 Million in UGI Corporation (NYSE:UGI)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in UGI in the fourth quarter valued at approximately $25,000. Bessemer Group Inc. boosted its holdings in UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 611 shares during the last quarter. GeoWealth Management LLC bought a new stake in UGI in the fourth quarter valued at approximately $27,000. Flagship Wealth Advisors LLC bought a new stake in UGI in the fourth quarter valued at approximately $30,000. Finally, Vision Financial Markets LLC bought a new stake in UGI in the fourth quarter valued at approximately $36,000. 82.34% of the stock is currently owned by institutional investors.

UGI Trading Down 0.2%

UGI traded down $0.09 during trading on Friday, hitting $36.28. The company's stock had a trading volume of 2,447,266 shares, compared to its average volume of 2,083,361. UGI Corporation has a twelve month low of $22.01 and a twelve month high of $36.62. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.31. The stock's fifty day moving average price is $34.71 and its 200-day moving average price is $32.18. The firm has a market capitalization of $7.78 billion, a P/E ratio of 14.93, a PEG ratio of 2.23 and a beta of 1.06.

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

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.13%. The ex-dividend date is Monday, June 16th. UGI's dividend payout ratio (DPR) is presently 61.73%.

Wall Street Analyst Weigh In

UGI has been the topic of several analyst reports. Wall Street Zen upgraded UGI from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 14th. Mizuho upped their target price on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday, May 15th.

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.