17,282 Shares in UGI Co. (NYSE:UGI) Bought by Apella Capital LLC

Apella Capital LLC purchased a new position in shares of UGI Co. (NYSE:UGI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 17,282 shares of the utilities provider's stock, valued at approximately $540,000.

Other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in shares of UGI during the 4th quarter worth $25,000. Bessemer Group Inc. boosted its stake in shares of UGI by 216.7% during the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after acquiring an additional 611 shares in the last quarter. GeoWealth Management LLC acquired a new position in shares of UGI during the 4th quarter valued at about $27,000. Flagship Wealth Advisors LLC acquired a new stake in UGI in the 4th quarter worth approximately $30,000. Finally, Golden State Wealth Management LLC acquired a new position in UGI during the fourth quarter valued at approximately $36,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Mizuho raised 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. Wall Street Zen raised UGI from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th.

UGI Stock Performance

UGI stock traded up $0.22 during midday trading on Friday, hitting $35.56. The stock had a trading volume of 1,077,310 shares, compared to its average volume of 2,122,245. The stock has a 50-day simple moving average of $33.74 and a 200 day simple moving average of $31.68. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 2.26 and a beta of 1.06. UGI Co. has a 52 week low of $22.01 and a 52 week high of $36.55. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.41. The firm had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $3.26 billion. UGI had a return on equity of 15.19% and a net margin of 7.73%. The business's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.97 earnings per share. As a group, equities research analysts anticipate that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, June 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.22%. UGI's payout ratio is currently 61.73%.

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.