Atria Wealth Solutions Inc. Makes New $586,000 Investment in UGI Corporation $UGI

Atria Wealth Solutions Inc. purchased a new position in UGI Corporation (NYSE:UGI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,706 shares of the utilities provider's stock, valued at approximately $586,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in shares of UGI during the first quarter worth approximately $338,000. Red Door Wealth Management LLC bought a new position in shares of UGI in the first quarter valued at $230,000. Meritage Portfolio Management acquired a new position in shares of UGI during the first quarter valued at about $5,176,000. Jump Financial LLC grew its holdings in shares of UGI by 190.8% during the fourth quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider's stock valued at $964,000 after buying an additional 22,411 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of UGI during the first quarter worth about $1,124,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UGI shares. Mizuho lifted their price target on 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 cut UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Zacks Research raised shares of UGI to a "hold" rating in a report on Monday, August 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.33.

UGI Stock Performance

Shares of UGI stock traded down $0.41 during trading on Monday, hitting $34.82. The company's stock had a trading volume of 393,242 shares, compared to its average volume of 1,944,059. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16. The company has a market cap of $7.48 billion, a PE ratio of 18.32, a P/E/G ratio of 1.68 and a beta of 1.05. The business has a fifty day moving average of $35.92 and a 200-day moving average of $34.19. 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 quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company earned $0.06 EPS. The business's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, research analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

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 issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, September 15th. UGI's dividend payout ratio (DPR) is 78.95%.

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.