Foundry Partners LLC Has $8.87 Million Stake in UGI Corporation (NYSE:UGI)

Foundry Partners LLC lessened its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 21.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 268,210 shares of the utilities provider's stock after selling 74,229 shares during the quarter. Foundry Partners LLC owned about 0.12% of UGI worth $8,870,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new stake in shares of UGI during the fourth quarter valued at $25,000. Bessemer Group Inc. raised its stake in shares of 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 in the last quarter. GeoWealth Management LLC acquired a new position in shares of UGI during the 4th quarter valued at about $27,000. CX Institutional acquired a new stake in UGI in the 1st quarter valued at approximately $30,000. Finally, Anderson Financial Strategies LLC acquired a new stake in UGI in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Stock Performance

Shares of NYSE UGI traded up $0.32 during trading hours on Friday, reaching $36.34. 1,269,847 shares of the stock were exchanged, compared to its average volume of 2,054,567. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 2.23 and a beta of 1.05. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.23. UGI Corporation has a 52 week low of $23.09 and a 52 week high of $36.74. The stock's fifty day simple moving average is $35.79 and its 200 day simple moving average is $33.23.

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. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. UGI had a return on equity of 16.21% and a net margin of 7.28%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.97 earnings per share. Sell-side analysts predict that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 16th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.13%. The ex-dividend date was Monday, June 16th. UGI's dividend payout ratio is currently 61.73%.

Analyst Ratings Changes

UGI has been the subject of several research analyst reports. Wall Street Zen downgraded UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday. 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.

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.