Ethic Inc. Sells 10,320 Shares of UGI Corporation $UGI

Key Points

• Ethic Inc. reduced its position in UGI Corporation by 10.2% in the first quarter, now holding 91,077 shares worth approximately $3.05 million.
• UGI Corporation reported quarterly earnings with an EPS of ($0.01), surpassing the consensus estimate of ($0.12), but revenue fell short at $1.39 billion against expectations of $1.77 billion.
• The company declared a quarterly dividend of $0.375 per share, providing an annualized yield of 4.3%, with payment scheduled for October 1st.

Ethic Inc. reduced its stake in UGI Corporation (NYSE:UGI - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,077 shares of the utilities provider's stock after selling 10,320 shares during the period. Ethic Inc.'s holdings in UGI were worth $3,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Inc. bought a new position in shares of UGI in the fourth quarter worth about $6,820,000. Bessemer Group Inc. raised its holdings in UGI by 216.7% during the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after purchasing an additional 611 shares during the last quarter. Mariner LLC increased its stake in shares of 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 in the last quarter. Guggenheim Capital LLC increased its stake in shares of 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 in the last quarter. Finally, Jump Financial LLC increased its stake in shares of 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 in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Zacks Research raised shares of UGI to a "hold" rating in a research report on Monday, August 11th. Mizuho boosted their price objective on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen cut UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $31.33.

UGI Stock Down 0.3%

Shares of NYSE UGI traded down $0.0940 during trading on Thursday, reaching $34.7560. The company had a trading volume of 2,799,668 shares, compared to its average volume of 1,962,923. UGI Corporation has a 12-month low of $23.14 and a 12-month high of $37.42. The stock has a market cap of $7.47 billion, a PE ratio of 18.29, a P/E/G ratio of 1.65 and a beta of 1.05. The business's 50-day moving average is $35.85 and its 200 day moving average is $34.22. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 1.16.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.11. UGI had a return on equity of 15.73% and a net margin of 5.70%.The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period last year, the firm posted $0.06 earnings per share. UGI's revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts forecast that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 4.3%. UGI's dividend payout ratio (DPR) is 78.95%.

UGI Company 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.