UGI Corporation $UGI Shares Purchased by American Century Companies Inc.

Key Points

• American Century Companies Inc. has significantly increased its stake in UGI Corporation by 135.5%, acquiring an additional 93,135 shares to reach a total of 161,864 shares, valued at approximately $5.35 million.
• UGI Corporation recently declared a quarterly dividend of $0.375 per share, translating to an annualized payout of $1.50 and a yield of 4.3%.
• UGI reported earnings of ($0.01) per share for the last quarter, exceeding expectations, with a revenue of $1.39 billion, marking a 1.0% year-over-year increase.

American Century Companies Inc. increased its stake in shares of UGI Corporation (NYSE:UGI - Free Report) by 135.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 161,864 shares of the utilities provider's stock after acquiring an additional 93,135 shares during the quarter. American Century Companies Inc. owned about 0.08% of UGI worth $5,353,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UGI. Corvex Management LP bought a new position in shares of UGI in the 4th quarter valued at about $55,354,000. Neuberger Berman Group LLC increased its position in shares of UGI by 91.5% during the 1st quarter. Neuberger Berman Group LLC now owns 2,987,818 shares of the utilities provider's stock valued at $98,807,000 after purchasing an additional 1,427,553 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in UGI by 50.6% during the 4th quarter. Ameriprise Financial Inc. now owns 2,366,100 shares of the utilities provider's stock valued at $66,806,000 after buying an additional 795,093 shares during the period. Sourcerock Group LLC lifted its position in UGI by 236.8% in the fourth 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, Northern Trust Corp boosted its stake in UGI by 21.3% during the fourth quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider's stock worth $112,988,000 after buying an additional 703,491 shares during the period. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Trading Up 0.0%

Shares of NYSE UGI traded up $0.01 during trading hours on Friday, reaching $34.62. The stock had a trading volume of 1,500,842 shares, compared to its average volume of 1,819,806. UGI Corporation has a 52-week low of $23.14 and a 52-week high of $37.42. The business's fifty day moving average price is $35.66 and its two-hundred day moving average price is $34.41. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.65 and a beta of 1.07. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.11. UGI had a net margin of 5.70% and a return on equity of 15.73%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the business posted $0.06 EPS. The company's quarterly revenue was up 1.0% compared to the same quarter last year. Analysts expect that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given 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 presently 78.95%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Mizuho increased their target price on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note 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 lowered shares of UGI from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, UGI has a consensus rating of "Moderate Buy" and a consensus target price 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.