Atlas Capital Advisors Inc. Boosts 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. grew its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 945.7% in the first quarter, according to 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 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 611 shares during the period. Altshuler Shaham Ltd bought a new position in shares of UGI in the fourth quarter valued at approximately $25,000. CX Institutional bought a new position in shares of UGI in the first quarter valued at approximately $30,000. GeoWealth Management LLC bought a new position in shares of UGI in the fourth quarter valued at approximately $27,000. Finally, Private Trust Co. NA boosted its position in shares of UGI by 36.1% in the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock valued at $46,000 after acquiring an additional 370 shares during the period. 82.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UGI has been the subject of a number of analyst reports. Wall Street Zen lowered shares of UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. 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.

UGI Price Performance

UGI traded up $0.02 on Monday, reaching $35.13. The company had a trading volume of 5,258,099 shares, compared to its average volume of 1,498,729. The business has a 50 day simple moving average of $35.93 and a 200 day simple moving average of $34.04. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 1.67 and a beta of 1.05. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70. UGI Corporation has a 52-week low of $23.14 and a 52-week high of $37.42.

UGI (NYSE:UGI - Get Free Report) last announced its earnings results 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. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.77 billion. UGI had a net margin of 5.70% and a return on equity of 15.73%. UGI's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. As a group, sell-side analysts anticipate that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The firm 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 of this dividend is Monday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.3%. UGI's dividend payout ratio (DPR) is 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.