Fuller & Thaler Asset Management Inc. Has $225.07 Million Stock Holdings in UGI Corporation $UGI

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in UGI Corporation by 4.1%, selling 294,004 shares and holding 6,805,953 shares as of the end of the latest quarter.
• UGI Corporation announced a quarterly dividend of $0.375 per share, with an ex-dividend date of September 15th, yielding approximately 4.3% annually.
• According to analysts, UGI Corporation has a consensus price target of $31.33 and has received mixed ratings, with two analysts recommending a hold and three a buy for the stock.

Fuller & Thaler Asset Management Inc. lowered its holdings in UGI Corporation (NYSE:UGI - Free Report) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,805,953 shares of the utilities provider's stock after selling 294,004 shares during the period. UGI makes up 0.9% of Fuller & Thaler Asset Management Inc.'s portfolio, making the stock its 18th biggest position. Fuller & Thaler Asset Management Inc. owned about 3.17% of UGI worth $225,073,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. GeoWealth Management LLC purchased a new stake in shares of UGI during the fourth quarter worth $27,000. CX Institutional purchased a new stake in shares of UGI during the first quarter worth $30,000. Anderson Financial Strategies LLC purchased a new stake in shares of UGI during the fourth quarter worth $41,000. Private Trust Co. NA raised its holdings in shares of UGI by 36.1% during the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock worth $46,000 after acquiring an additional 370 shares in the last quarter. Finally, Parvin Asset Management LLC purchased a new stake in shares of UGI during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

Analysts Set New Price Targets

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

UGI Stock Up 1.5%

NYSE UGI traded up $0.5160 during trading on Friday, hitting $35.3060. 1,470,879 shares of the company traded hands, compared to its average volume of 1,866,368. The company has a market capitalization of $7.59 billion, a P/E ratio of 18.58, a PEG ratio of 1.66 and a beta of 1.05. The business has a fifty day simple moving average of $35.79 and a 200 day simple moving average of $34.27. UGI Corporation has a 12 month low of $23.14 and a 12 month high of $37.42. 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 results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.11. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.77 billion. UGI had a return on equity of 15.73% and a net margin of 5.70%.The firm's revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. As a group, sell-side analysts predict that UGI Corporation will post 3.02 EPS for the current year.

UGI Announces Dividend

The firm also recently declared 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 4.2%. The ex-dividend date of this dividend is Monday, September 15th. 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.