UGI Corporation $UGI Shares Acquired by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC has increased its stake in UGI Corporation by 10.4%, acquiring an additional 37,742 shares, bringing its total ownership to 401,666 shares valued at approximately $13.3 million.
• In the latest analyst reports, UGI was downgraded to a "buy" by Wall Street Zen while also receiving a "hold" rating from Zacks Research, with a consensus rating of "Moderate Buy" and an average target price of $31.33.
• UGI recently announced a quarterly dividend of $0.375 per share, resulting in an annualized dividend yield of 4.3% which will be paid to stockholders of record on September 15th.

Cubist Systematic Strategies LLC boosted its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 10.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 401,666 shares of the utilities provider's stock after buying an additional 37,742 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.19% of UGI worth $13,283,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in UGI by 2.9% during the first quarter. Northern Trust Corp now owns 4,120,082 shares of the utilities provider's stock valued at $136,251,000 after purchasing an additional 117,663 shares in the last quarter. LSV Asset Management lifted its holdings in UGI by 6.6% during the first quarter. LSV Asset Management now owns 4,037,604 shares of the utilities provider's stock valued at $133,524,000 after purchasing an additional 251,311 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in UGI by 91.5% during the first quarter. Neuberger Berman Group LLC now owns 2,987,818 shares of the utilities provider's stock valued at $98,807,000 after purchasing an additional 1,427,553 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in UGI by 11.8% during the first quarter. Ameriprise Financial Inc. now owns 2,644,716 shares of the utilities provider's stock valued at $87,472,000 after purchasing an additional 278,616 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in UGI by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 2,592,251 shares of the utilities provider's stock valued at $85,726,000 after purchasing an additional 56,777 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Trading Down 0.8%

UGI stock traded down $0.26 during mid-day trading on Wednesday, reaching $33.99. 1,212,420 shares of the stock traded hands, compared to its average volume of 1,741,084. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70. UGI Corporation has a one year low of $23.14 and a one year high of $37.42. The stock has a market capitalization of $7.30 billion, a PE ratio of 17.89, a PEG ratio of 1.65 and a beta of 1.06. The business has a 50-day moving average price of $35.54 and a two-hundred day moving average price of $34.42.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.11. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. Equities research analysts expect that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, September 15th. UGI's dividend payout ratio (DPR) is presently 78.95%.

Wall Street Analyst Weigh In

Several research firms have recently commented on UGI. Zacks Research raised shares of UGI to a "hold" rating in a report on Monday, August 11th. Wall Street Zen downgraded shares of UGI from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Finally, Mizuho boosted their target price on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, UGI presently has an average rating of "Moderate Buy" and an average price target 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.