UGI Corporation $UGI Shares Purchased by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC increased its stake in UGI Corporation by 3.1%, now owning approximately 1.55 million shares valued at $51.4 million.
• UGI Corporation recently reported earnings of ($0.01) EPS, exceeding analysts' estimates, while the firm had revenue of $1.39 billion for the quarter, up 1% year-over-year.
• The company is set to pay a quarterly dividend of $0.375 on October 1st, with a yield of 4.3% and a payout ratio of 78.95%.

Energy Income Partners LLC increased its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,554,344 shares of the utilities provider's stock after acquiring an additional 47,423 shares during the quarter. Energy Income Partners LLC owned approximately 0.72% of UGI worth $51,402,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CX Institutional bought a new stake in UGI during the first quarter worth $30,000. Anderson Financial Strategies LLC bought a new stake in shares of UGI in the fourth quarter valued at $41,000. Private Trust Co. NA raised its stake in shares of UGI by 36.1% in the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock valued at $46,000 after buying an additional 370 shares during the period. Quarry LP bought a new stake in shares of UGI in the first quarter valued at $51,000. Finally, Quintet Private Bank Europe S.A. raised its stake in shares of UGI by 25.3% in the first quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock valued at $62,000 after buying an additional 380 shares during the period. 82.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UGI has been the topic of several research reports. Mizuho boosted their target price 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 lowered UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Zacks Research upgraded UGI to a "hold" rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, UGI presently has an average rating of "Moderate Buy" and a consensus target price of $31.33.

UGI Trading Up 0.4%

NYSE UGI traded up $0.14 on Friday, hitting $34.56. The company's stock had a trading volume of 1,034,549 shares, compared to its average volume of 1,928,747. The firm has a market cap of $7.43 billion, a P/E ratio of 18.19, a PEG ratio of 1.62 and a beta of 1.06. UGI Corporation has a 52-week low of $23.14 and a 52-week high of $37.42. The company's 50-day simple moving average is $35.51 and its 200 day simple moving average is $34.43. 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 (NYSE:UGI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.11. UGI had a return on equity of 15.73% and a net margin of 5.70%.The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the company earned $0.06 EPS. The business's quarterly revenue was up 1.0% compared to the same quarter last year. Research analysts predict that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 4.3%. The ex-dividend date is Monday, September 15th. UGI's payout ratio is presently 78.95%.

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.