D.A. Davidson & CO. Invests $1.51 Million in UGI Corporation (NYSE:UGI)

D.A. Davidson & CO. acquired a new position in shares of UGI Corporation (NYSE:UGI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 45,551 shares of the utilities provider's stock, valued at approximately $1,506,000.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in UGI in the fourth quarter valued at $103,115,000. FMR LLC lifted its position in UGI by 22.4% in the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after acquiring an additional 2,110,337 shares during the last quarter. Corvex Management LP acquired a new position in UGI in the fourth quarter valued at $55,354,000. Pictet Asset Management Holding SA increased its stake in UGI by 5,776.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider's stock valued at $49,104,000 after purchasing an additional 1,709,820 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in UGI by 5,215.3% in the fourth quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider's stock valued at $44,046,000 after purchasing an additional 1,530,911 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Trading Down 0.3%

NYSE UGI opened at $35.28 on Tuesday. UGI Corporation has a one year low of $22.01 and a one year high of $36.74. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.23. The firm's fifty day moving average is $35.39 and its two-hundred day moving average is $32.80. The firm has a market cap of $7.57 billion, a PE ratio of 14.52, a P/E/G ratio of 2.18 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly 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. 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 previous year, the business posted $1.97 earnings per share. The business's revenue was up 8.1% compared to the same quarter last year. Analysts expect that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th were paid a dividend of $0.375 per share. The ex-dividend date was Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.25%. UGI's dividend payout ratio (DPR) is 61.73%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of UGI from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Mizuho lifted their price objective on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th.

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.

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