Advisors Asset Management Inc. Trims Stock Holdings in UGI Corporation $UGI

Key Points

• Advisors Asset Management Inc. reduced its stake in UGI Corporation by 13.1%, holding 426,750 shares worth approximately $14.1 million after selling 64,200 shares in the first quarter.
• UGI recently declared a quarterly dividend of $0.375 per share, with a dividend yield of 4.4% and a payout ratio of 78.95%.
• The stock has performed well recently, with a market capitalization of $7.36 billion and a PE ratio of 18.02, while analysts forecast an earnings per share of 3.02 for the year.

Advisors Asset Management Inc. trimmed its position in UGI Corporation (NYSE:UGI - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,750 shares of the utilities provider's stock after selling 64,200 shares during the period. Advisors Asset Management Inc. owned 0.20% of UGI worth $14,113,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Corvex Management LP bought a new position in shares of UGI during the 4th quarter valued at $55,354,000. Neuberger Berman Group LLC lifted its stake in UGI by 91.5% in the 1st quarter. Neuberger Berman Group LLC now owns 2,987,818 shares of the utilities provider's stock worth $98,807,000 after purchasing an additional 1,427,553 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of UGI by 50.6% in the 4th quarter. Ameriprise Financial Inc. now owns 2,366,100 shares of the utilities provider's stock worth $66,806,000 after buying an additional 795,093 shares during the last quarter. Sourcerock Group LLC increased its holdings in shares of UGI by 236.8% in the 4th quarter. Sourcerock Group LLC now owns 1,025,000 shares of the utilities provider's stock worth $28,936,000 after buying an additional 720,700 shares during the last quarter. Finally, SIR Capital Management L.P. grew its position in UGI by 1,279.5% in the 4th quarter. SIR Capital Management L.P. now owns 729,800 shares of the utilities provider's stock valued at $20,602,000 after acquiring an additional 676,898 shares during the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Stock Performance

Shares of UGI stock opened at $34.24 on Wednesday. The stock has a market capitalization of $7.36 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06. UGI Corporation has a 52-week low of $23.14 and a 52-week high of $37.42. The stock's 50-day moving average price is $35.58 and its 200 day moving average price is $34.42. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 1.16.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.11. UGI had a return on equity of 15.73% and a net margin of 5.70%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company earned $0.06 EPS. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities research analysts forecast that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The company 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 is Monday, September 15th. This represents a $1.50 annualized dividend and a yield of 4.4%. UGI's dividend payout ratio is currently 78.95%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wall Street Zen cut shares of UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Zacks Research raised shares of UGI to a "hold" rating in a research note on Monday, August 11th. Finally, 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. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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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