Foster & Motley Inc. Increases Position in UGI Corporation $UGI

Key Points

• Foster & Motley Inc. has increased its stake in UGI Corporation by 12.9%, now owning 131,116 shares valued at approximately $4.78 million.
• Analysts have recently upgraded UGI's rating, with Wall Street Zen raising it from a "hold" to a "buy," indicating positive market sentiment towards the stock.
• UGI announced a quarterly dividend of $0.375 per share, representing an annualized dividend of $1.50 and a yield of 4.6% as of the ex-dividend date.

Foster & Motley Inc. raised its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 12.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,116 shares of the utilities provider's stock after buying an additional 14,978 shares during the period. Foster & Motley Inc. owned about 0.06% of UGI worth $4,775,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of UGI. Northern Trust Corp raised its stake in UGI by 2.9% in the first quarter. Northern Trust Corp now owns 4,120,082 shares of the utilities provider's stock worth $136,251,000 after buying an additional 117,663 shares in the last quarter. LSV Asset Management increased its position in shares of UGI by 6.6% during the first quarter. LSV Asset Management now owns 4,037,604 shares of the utilities provider's stock worth $133,524,000 after purchasing an additional 251,311 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of UGI by 91.5% during the first quarter. Neuberger Berman Group LLC now owns 2,987,818 shares of the utilities provider's stock worth $98,807,000 after purchasing an additional 1,427,553 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of UGI by 11.8% during the first quarter. Ameriprise Financial Inc. now owns 2,644,716 shares of the utilities provider's stock worth $87,472,000 after purchasing an additional 278,616 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of 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 worth $85,726,000 after purchasing an additional 56,777 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

Wall Street Analysts Forecast Growth

UGI has been the topic of a number of recent analyst reports. Wall Street Zen raised UGI from a "hold" rating to a "buy" rating in a research report on Sunday, September 21st. Zacks Research raised UGI to a "hold" rating in a research report on Monday, August 11th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of UGI in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have given 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 target price of $33.50.

UGI Stock Up 0.7%

UGI stock opened at $32.38 on Friday. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.49 and a beta of 1.06. 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 12 month low of $23.14 and a 12 month high of $37.42. The firm has a 50-day moving average of $33.73 and a two-hundred day moving average of $34.43.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, August 30th. The utilities provider reported $0.06 EPS for the quarter. The company had revenue of $2.03 billion during the quarter. UGI had a net margin of 5.70% and a return on equity of 15.73%. As a group, analysts forecast that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were issued a dividend of $0.375 per share. The ex-dividend date was Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.6%. UGI's dividend payout ratio (DPR) is currently 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.

Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Corporation (NYSE:UGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.