UGI Corporation $UGI Shares Sold by Baird Financial Group Inc.

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

Several other institutional investors have also recently made changes to their positions in UGI. CX Institutional purchased a new position in shares of UGI in the 1st quarter valued at about $30,000. Private Trust Co. NA increased its stake in shares of UGI by 36.1% in the 1st quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock valued at $46,000 after purchasing an additional 370 shares in the last quarter. SouthState Corp purchased a new position in shares of UGI in the 1st quarter valued at about $62,000. Quintet Private Bank Europe S.A. increased its stake in shares of UGI by 25.3% in the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock valued at $62,000 after purchasing an additional 380 shares in the last quarter. Finally, Spire Wealth Management increased its stake in shares of UGI by 3,961.8% in the 1st quarter. Spire Wealth Management now owns 2,234 shares of the utilities provider's stock valued at $74,000 after purchasing an additional 2,179 shares in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UGI shares. Wall Street Zen lowered UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Mizuho boosted their target price on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Zacks Research raised shares of UGI to a "hold" rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, UGI currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.33.

UGI Price Performance

UGI traded down $0.08 during trading on Friday, reaching $34.75. The company's stock had a trading volume of 1,507,715 shares, compared to its average volume of 1,593,058. The firm has a fifty day simple moving average of $35.38 and a two-hundred day simple moving average of $34.49. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.66 and a beta of 1.06. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 1.16. UGI Corporation has a 1 year low of $23.14 and a 1 year high of $37.42.

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

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a $0.375 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.3%. UGI's payout ratio is currently 78.95%.

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.