UGI Corporation (NYSE:UGI) Shares Sold by Code Waechter LLC

Code Waechter LLC cut its holdings in UGI Corporation (NYSE:UGI - Free Report) by 50.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,139 shares of the utilities provider's stock after selling 23,788 shares during the period. Code Waechter LLC's holdings in UGI were worth $765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in UGI. Altshuler Shaham Ltd acquired a new position in shares of UGI in the fourth quarter valued at approximately $25,000. Bessemer Group Inc. raised its position in shares of UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after buying an additional 611 shares during the last quarter. GeoWealth Management LLC acquired a new position in shares of UGI in the fourth quarter valued at approximately $27,000. Flagship Wealth Advisors LLC acquired a new position in shares of UGI in the fourth quarter valued at approximately $30,000. Finally, CX Institutional purchased a new position in shares of UGI during the 1st quarter worth about $30,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UGI has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of UGI from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 14th. Mizuho increased their price objective on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th.

UGI Trading Down 0.6%

Shares of UGI stock traded down $0.23 during trading hours on Friday, hitting $35.57. 1,061,085 shares of the company were exchanged, compared to its average volume of 2,063,690. The firm has a market cap of $7.63 billion, a PE ratio of 14.64, a PEG ratio of 2.19 and a beta of 1.05. UGI Corporation has a 1 year low of $23.09 and a 1 year high of $36.74. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.31. The firm has a fifty day moving average of $35.59 and a 200 day moving average of $33.02.

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 analysts' consensus estimates of $1.80 by $0.41. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $3.26 billion. UGI had a net margin of 7.28% and a return on equity of 16.21%. The company's revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.97 EPS. Analysts expect that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 16th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date was Monday, June 16th. UGI's dividend payout ratio (DPR) is presently 61.73%.

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.