Cornerstone Select Advisors LLC Purchases 8,013 Shares of UGI Corporation $UGI

Key Points

• Cornerstone Select Advisors LLC has increased its stake in UGI Corporation by 113.0%, acquiring an additional 8,013 shares, bringing its total holdings to 15,102 shares valued at approximately $499,000.
• UGI recently reported a quarterly earnings EPS of ($0.01), beating expectations and showing an annual revenue increase of 1.0%.
• The company has announced a quarterly dividend of $0.375 per share with a yield of 4.3%, payable on October 1st to investors of record as of September 15th.

Cornerstone Select Advisors LLC raised its holdings in UGI Corporation (NYSE:UGI - Free Report) by 113.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,102 shares of the utilities provider's stock after acquiring an additional 8,013 shares during the quarter. Cornerstone Select Advisors LLC's holdings in UGI were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of UGI. Raymond James Financial Inc. acquired a new stake in UGI in the 4th quarter valued at about $6,820,000. Mariner LLC lifted its holdings in UGI by 68.7% in the 4th quarter. Mariner LLC now owns 48,273 shares of the utilities provider's stock valued at $1,363,000 after acquiring an additional 19,656 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in UGI by 19.4% in the 4th quarter. Guggenheim Capital LLC now owns 102,444 shares of the utilities provider's stock valued at $2,892,000 after acquiring an additional 16,676 shares during the last quarter. Jump Financial LLC lifted its holdings in UGI by 190.8% in the 4th quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider's stock valued at $964,000 after acquiring an additional 22,411 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in UGI by 41.6% in the 4th quarter. NewEdge Advisors LLC now owns 129,938 shares of the utilities provider's stock valued at $3,668,000 after acquiring an additional 38,179 shares during the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on UGI shares. Mizuho lifted their price target on UGI from $38.00 to $39.00 and gave the stock 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 note on Friday, July 18th. Finally, Zacks Research raised UGI to a "hold" rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $31.33.

UGI Stock Up 1.5%

NYSE:UGI traded up $0.5160 on Friday, hitting $35.3060. 1,470,879 shares of the company's stock traded hands, compared to its average volume of 1,963,785. 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 Corporation has a 1 year low of $23.14 and a 1 year high of $37.42. The firm has a 50-day moving average price of $35.81 and a 200-day moving average price of $34.24. The company has a market cap of $7.59 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05.

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, beating the consensus estimate of ($0.12) by $0.11. The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.77 billion. UGI had a return on equity of 15.73% and a net margin of 5.70%.The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. Equities analysts anticipate that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.2%. UGI's payout ratio is presently 78.95%.

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.