Invesco Ltd. Decreases Stock Position in UGI Corporation $UGI

Key Points

• Invesco Ltd. has reduced its stake in UGI Corporation by 21.1%, now holding 1,365,552 shares valued at approximately $45.16 million.
• UGI's recent earnings report showed a net margin of 5.70% with earnings per share of ($0.01), outperforming analysts' expectations.
• The company has announced a quarterly dividend of $0.375 per share, representing an annualized dividend of $1.50 and a yield of 4.3%.

Invesco Ltd. trimmed its holdings in UGI Corporation (NYSE:UGI - Free Report) by 21.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,365,552 shares of the utilities provider's stock after selling 364,519 shares during the quarter. Invesco Ltd. owned approximately 0.64% of UGI worth $45,159,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Wealthspire Advisors LLC increased its holdings in shares of UGI by 1.9% in the 1st quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider's stock valued at $581,000 after acquiring an additional 323 shares during the period. Private Trust Co. NA increased its stake in UGI by 36.1% in the 1st quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock valued at $46,000 after buying an additional 370 shares during the period. Quintet Private Bank Europe S.A. increased its stake in UGI by 25.3% in the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock valued at $62,000 after buying an additional 380 shares during the period. Linden Thomas Advisory Services LLC increased its stake in UGI by 5.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 8,908 shares of the utilities provider's stock valued at $295,000 after buying an additional 422 shares during the period. Finally, State of Wyoming increased its stake in UGI by 4.6% in the 4th quarter. State of Wyoming now owns 10,005 shares of the utilities provider's stock valued at $282,000 after buying an additional 444 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UGI has been the topic of several recent research reports. Zacks Research raised shares of UGI to a "hold" rating in a research note on Monday, August 11th. Mizuho boosted their price objective on shares of 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 shares of UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Two 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, the company has a consensus rating of "Moderate Buy" and an average price target of $31.33.

UGI Price Performance

Shares of NYSE UGI traded up $0.66 during trading on Friday, hitting $35.45. 184,582 shares of the company were exchanged, compared to its average volume of 1,955,463. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.66 and a beta of 1.05. UGI Corporation has a 1 year low of $23.14 and a 1 year high of $37.42. The firm's fifty day moving average price is $35.81 and its 200 day moving average price is $34.24. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.11. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. UGI had a net margin of 5.70% and a return on equity of 15.73%. The business's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. On average, sell-side analysts expect that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, September 15th. UGI's payout ratio is presently 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.