Baird Financial Group Inc. Has $811,000 Stock Position in UGI Corporation $UGI

Key Points

• Baird Financial Group Inc. reduced its stock holdings in UGI Corporation by 23.2% in Q1, owning 24,534 shares after selling 7,413 shares during the quarter.
• Several institutional investors have increased their positions in UGI, with Neuberger Berman Group LLC notably raising its stake by 91.5% during the same period.
• UGI announced a quarterly dividend of $0.375, equating to an annualized dividend of $1.50, with a yield of 4.4%, and will be paid on October 1st.

Baird Financial Group Inc. reduced its stake in shares of UGI Corporation (NYSE:UGI - Free Report) by 23.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,534 shares of the utilities provider's stock after selling 7,413 shares during the period. Baird Financial Group Inc.'s holdings in UGI were worth $811,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wealthspire Advisors LLC raised its holdings in UGI by 1.9% during the first quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider's stock valued at $581,000 after buying an additional 323 shares in the last quarter. Private Trust Co. NA increased its stake 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 worth $46,000 after purchasing an additional 370 shares during the period. Quintet Private Bank Europe S.A. increased its stake in shares of 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 worth $62,000 after purchasing an additional 380 shares during the period. Linden Thomas Advisory Services LLC increased its stake in shares of UGI by 5.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 8,908 shares of the utilities provider's stock worth $295,000 after purchasing an additional 422 shares during the period. Finally, State of Wyoming increased its stake in shares of UGI by 4.6% in the fourth quarter. State of Wyoming now owns 10,005 shares of the utilities provider's stock worth $282,000 after purchasing an additional 444 shares during the period. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Performance

UGI stock traded down $0.66 during trading on Monday, reaching $34.10. 1,571,550 shares of the stock were exchanged, compared to its average volume of 1,582,603. UGI Corporation has a twelve month low of $23.14 and a twelve month high of $37.42. The company has a market capitalization of $7.33 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.66 and a beta of 1.07. The stock has a 50 day simple moving average of $35.36 and a 200-day simple moving average of $34.51. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16.

UGI (NYSE:UGI - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share 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 business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the business earned $0.06 earnings per share. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Zacks Research upgraded UGI to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen lowered UGI from a "buy" rating to a "hold" rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus 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.