Ancora Advisors LLC Raises Stock Holdings in UGI Corporation $UGI

Key Points

• Ancora Advisors LLC increased its holdings in UGI Corporation by 6.3%, owning 505,490 shares valued at approximately $16.7 million following the acquisition of an additional 30,060 shares.
• UGI Corporation reported a quarterly earnings result of ($0.01) EPS, beating analysts' expectations of ($0.12), with a revenue of $1.39 billion compared to estimates of $1.77 billion.
• The company announced a quarterly dividend of $0.375, resulting in an annualized dividend of $1.50 and a yield of 4.4%, with the payout scheduled for October 1st.

Ancora Advisors LLC lifted its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 6.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 505,490 shares of the utilities provider's stock after acquiring an additional 30,060 shares during the quarter. Ancora Advisors LLC owned 0.24% of UGI worth $16,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. EP Wealth Advisors LLC increased its position in shares of UGI by 5.2% during the first quarter. EP Wealth Advisors LLC now owns 17,241 shares of the utilities provider's stock valued at $570,000 after acquiring an additional 850 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of UGI by 10.4% during the first quarter. Cubist Systematic Strategies LLC now owns 401,666 shares of the utilities provider's stock valued at $13,283,000 after acquiring an additional 37,742 shares during the last quarter. Energy Income Partners LLC increased its position in shares of UGI by 3.1% during the first quarter. Energy Income Partners LLC now owns 1,554,344 shares of the utilities provider's stock valued at $51,402,000 after acquiring an additional 47,423 shares during the last quarter. Quarry LP purchased a new stake in shares of UGI during the first quarter valued at approximately $51,000. Finally, State of Wyoming increased its position in shares of UGI by 120.3% during the first quarter. State of Wyoming now owns 22,041 shares of the utilities provider's stock valued at $729,000 after acquiring an additional 12,036 shares during the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Price Performance

UGI stock opened at $34.24 on Wednesday. UGI Corporation has a one year low of $23.14 and a one year high of $37.42. The business has a fifty day moving average price of $35.58 and a 200-day moving average price of $34.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56. The firm has a market capitalization of $7.36 billion, a P/E ratio of 18.02, a PEG ratio of 1.65 and a beta of 1.06.

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, topping 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 firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the company earned $0.06 earnings per share. The business's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities research analysts forecast that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, September 15th. UGI's dividend payout ratio (DPR) is presently 78.95%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on UGI shares. Wall Street Zen lowered UGI from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Mizuho increased their price objective on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Zacks Research raised UGI to a "hold" rating in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average 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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