UGI Corporation $UGI Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in UGI Corporation by 1.8%, now holding approximately 2.51 million shares valued at $83 million.
• UGI Corporation reported a quarterly earnings per share (EPS) of (0.01), surpassing expectations of (0.12) and generating $1.39 billion in revenue for the quarter.
• The company announced a quarterly dividend of $0.375 per share, representing an annualized dividend of $1.50 with a yield of 4.2%.

Charles Schwab Investment Management Inc. reduced its stake in UGI Corporation (NYSE:UGI - Free Report) by 1.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,510,065 shares of the utilities provider's stock after selling 45,010 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.17% of UGI worth $83,008,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UGI. Bessemer Group Inc. raised its position in UGI by 216.7% during 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 in the last quarter. Altshuler Shaham Ltd purchased a new position in UGI in the fourth quarter valued at $25,000. CX Institutional purchased a new position in UGI in the first quarter valued at $30,000. GeoWealth Management LLC purchased a new position in UGI in the fourth quarter valued at $27,000. Finally, 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. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Price Performance

NYSE:UGI traded down $0.39 during trading hours on Monday, hitting $34.85. 393,242 shares of the stock were exchanged, compared to its average volume of 1,944,059. UGI Corporation has a 52-week low of $23.14 and a 52-week high of $37.42. The firm's fifty day moving average price is $35.92 and its 200 day moving average price is $34.19. 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 $7.49 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.68 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.11. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. UGI had a net margin of 5.70% and a return on equity of 15.73%. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. As a group, equities research analysts anticipate that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The company 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 $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, September 15th. UGI's payout ratio is currently 78.95%.

Wall Street Analysts Forecast Growth

UGI has been the subject of several recent analyst reports. 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 currently has a consensus rating of "Moderate Buy" and an average target price of $31.33.

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.