Atlas Capital Advisors Inc. Boosts Stock Holdings in UGI Corporation (NYSE:UGI)

Key Points

• Atlas Capital Advisors Inc. increased its holdings in UGI Corporation by 945.7% in Q1, acquiring an additional 15,529 shares, bringing their total to 17,171 shares valued at $568,000.
• UGI Corporation recently disclosed a quarterly dividend of $0.375 per share, amounting to an annualized dividend of $1.50, representing a yield of 4.3%.
• Despite reporting a net margin of 5.70% and quarterly revenue of $1.39 billion, UGI missed analyst estimates of $1.77 billion; analysts project a consolidated EPS of 3.02 for the fiscal year.

Atlas Capital Advisors Inc. raised its position in UGI Corporation (NYSE:UGI - Free Report) by 945.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,171 shares of the utilities provider's stock after purchasing an additional 15,529 shares during the quarter. Atlas Capital Advisors Inc.'s holdings in UGI were worth $568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC grew its stake in shares of UGI by 1.9% during the first quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider's stock worth $581,000 after purchasing an additional 323 shares in the last quarter. Private Trust Co. NA grew its stake in shares of UGI by 36.1% during the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock worth $46,000 after purchasing an additional 370 shares in the last quarter. Quintet Private Bank Europe S.A. boosted its stake in UGI by 25.3% in the first quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock valued at $62,000 after acquiring an additional 380 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in UGI by 5.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 8,908 shares of the utilities provider's stock valued at $295,000 after acquiring an additional 422 shares in the last quarter. Finally, State of Wyoming boosted its stake in UGI by 4.6% in the fourth quarter. State of Wyoming now owns 10,005 shares of the utilities provider's stock valued at $282,000 after acquiring an additional 444 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

Wall Street Analyst Weigh In

UGI has been the subject of several research analyst reports. Wall Street Zen downgraded shares of UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Mizuho upped their price objective 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.

UGI Stock Performance

Shares of NYSE:UGI traded down $0.23 on Thursday, reaching $35.70. The company's stock had a trading volume of 485,939 shares, compared to its average volume of 1,951,221. The stock's 50-day moving average is $35.92 and its two-hundred day moving average is $34.07. UGI Corporation has a 52-week low of $23.14 and a 52-week high of $37.42. 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 stock has a market capitalization of $7.67 billion, a P/E ratio of 18.77, a PEG ratio of 1.68 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last announced its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.77 billion. During the same period in the prior year, the company earned $0.06 earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. As a group, sell-side 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. Investors of record on Monday, September 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, September 15th. UGI's dividend payout ratio is currently 78.95%.

UGI 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.