Fullcircle Wealth LLC bought a new stake in shares of UGI Corporation (NYSE:UGI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,690 shares of the utilities provider's stock, valued at approximately $317,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AIA Group Ltd grew its holdings in shares of UGI by 1.8% during the fourth quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock valued at $509,000 after buying an additional 323 shares during the last quarter. Private Trust Co. NA increased its stake in UGI by 36.1% during the 1st quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock worth $46,000 after buying an additional 370 shares in the last quarter. Quintet Private Bank Europe S.A. increased its stake in UGI by 25.3% during the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock worth $62,000 after buying an additional 380 shares in the last quarter. US Bancorp DE grew its position in shares of UGI by 3.7% in the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock valued at $306,000 after purchasing an additional 388 shares in the last quarter. Finally, State of Wyoming grew its position in shares of UGI by 4.6% in the fourth quarter. State of Wyoming now owns 10,005 shares of the utilities provider's stock valued at $282,000 after purchasing an additional 444 shares in the last quarter. 82.34% of the stock is owned by institutional investors.
UGI Price Performance
Shares of UGI stock traded down $0.01 during midday trading on Tuesday, reaching $35.29. 277,534 shares of the company traded hands, compared to its average volume of 2,066,261. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.23 and a quick ratio of 1.05. UGI Corporation has a 1-year low of $22.01 and a 1-year high of $36.74. The firm has a market cap of $7.57 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. The firm's 50 day simple moving average is $35.39 and its two-hundred day simple moving average is $32.80.
UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.41. UGI had a return on equity of 16.21% and a net margin of 7.28%. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the firm posted $1.97 EPS. The company's quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts expect that UGI Corporation will post 3.02 EPS for the current fiscal year.
UGI Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.25%. UGI's payout ratio is 61.73%.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Mizuho upped their price target on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen raised UGI from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 14th.
View Our Latest Research Report on UGI
UGI Company Profile
(
Free Report)
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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