56,416 Shares in UGI Corporation $UGI Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management acquired 56,416 shares of UGI Corporation worth approximately $1.95 million during the second quarter. Institutional investors collectively own 82.34% of UGI’s outstanding stock.
• UGI reported quarterly revenue of $1.33 billion and a loss of $0.20 per share, missing analysts’ expectations for $1.50 billion in revenue and a loss of $0.08 per share.
• UGI declared a quarterly dividend of $0.375 per share, equivalent to $1.50 annually and a 4.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $42, compared with the stock’s recent price of $37.58.

Landscape Capital Management L.L.C. bought a new position in UGI Corporation (NYSE:UGI - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 56,416 shares of the utilities provider's stock, valued at approximately $1,949,000.

Other hedge funds have also recently made changes to their positions in the company. Captrust Financial Advisors increased its holdings in shares of UGI by 11.4% in the fourth quarter. Captrust Financial Advisors now owns 3,191,444 shares of the utilities provider's stock worth $119,456,000 after purchasing an additional 327,511 shares during the period. Russell Investments Group Ltd. increased its stake in UGI by 75.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,335,508 shares of the utilities provider's stock worth $46,130,000 after acquiring an additional 575,239 shares during the last quarter. Energy Income Partners LLC raised its holdings in shares of UGI by 1.5% in the 2nd quarter. Energy Income Partners LLC now owns 1,302,403 shares of the utilities provider's stock valued at $44,985,000 after acquiring an additional 18,808 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of UGI by 14.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider's stock valued at $30,781,000 after acquiring an additional 116,372 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 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 worth $25,971,000 after purchasing an additional 115,409 shares during the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Trading Down 0.8%

Shares of UGI stock opened at $37.58 on Friday. The stock has a market capitalization of $8.06 billion, a PE ratio of 12.57 and a beta of 0.93. UGI Corporation has a 1-year low of $31.62 and a 1-year high of $41.34. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.22. The business has a 50-day moving average of $35.68 and a 200 day moving average of $36.15.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.12). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.50 billion. UGI had a net margin of 9.20% and a return on equity of 12.80%. As a group, sell-side analysts anticipate that UGI Corporation will post 2.85 earnings per share for the current year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.0%. UGI's dividend payout ratio is presently 50.17%.

Wall Street Analyst Weigh In

UGI has been the topic of a number of research analyst reports. Zacks Research cut UGI from a "hold" rating to a "strong sell" rating in a research note on Monday, July 13th. Wall Street Zen lowered UGI from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Wells Fargo & Company cut their price objective on UGI from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, August 7th. Weiss Ratings lowered UGI from a "buy (b)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $40.00 price objective (down from $45.00) on shares of UGI in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $42.00.

Insiders Place Their Bets

In other news, insider Kathleen Shea-Ballay sold 25,360 shares of UGI stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $33.62, for a total value of $852,603.20. Following the sale, the insider directly owned 25,360 shares in the company, valued at approximately $852,603.20. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.57% of the company's stock.

UGI Profile

UGI Corporation NYSE: UGI is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company's operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI's largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.

Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Corporation (NYSE:UGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source