Burney Co. Decreases Position in UGI Corporation (NYSE:UGI)

Burney Co. cut its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 627,716 shares of the utilities provider's stock after selling 34,295 shares during the period. Burney Co. owned 0.29% of UGI worth $20,759,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Bessemer Group Inc. increased its position in shares of UGI by 216.7% in the 4th 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 acquired a new position in shares of UGI in the 4th quarter valued at $25,000. CX Institutional acquired a new position in shares of UGI in the 1st quarter valued at $30,000. GeoWealth Management LLC acquired a new position in shares of UGI in the 4th quarter valued at $27,000. Finally, Private Trust Co. NA boosted its holdings in 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 purchasing an additional 370 shares during the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on UGI shares. Wall Street Zen lowered shares of UGI from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Mizuho upped their price target on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday, May 15th.

UGI Price Performance

Shares of UGI stock traded up $0.18 during mid-day trading on Friday, hitting $36.02. 1,560,353 shares of the stock were exchanged, compared to its average volume of 1,978,348. The firm has a fifty day moving average of $35.94 and a 200 day moving average of $33.46. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.31. UGI Corporation has a 52-week low of $23.09 and a 52-week high of $37.42. The company has a market cap of $7.72 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.41. UGI had a net margin of 7.28% and a return on equity of 16.21%. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the company posted $1.97 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 16th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Monday, June 16th. UGI's dividend payout ratio is presently 61.73%.

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.