Janney Montgomery Scott LLC Cuts Stock Holdings in UGI Corporation (NYSE:UGI)

Janney Montgomery Scott LLC cut its holdings in UGI Corporation (NYSE:UGI - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,102 shares of the utilities provider's stock after selling 9,666 shares during the period. Janney Montgomery Scott LLC owned about 0.11% of UGI worth $7,973,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. FMR LLC boosted its holdings in shares of UGI by 22.4% in the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock worth $325,469,000 after acquiring an additional 2,110,337 shares during the period. Snyder Capital Management L P lifted its holdings in shares of UGI by 1.6% in the fourth quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock worth $144,727,000 after buying an additional 78,327 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of UGI by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock valued at $157,200,000 after acquiring an additional 296,028 shares during the period. Federated Hermes Inc. increased its holdings in UGI by 25.5% during the 4th quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock worth $140,098,000 after acquiring an additional 1,007,156 shares during the period. Finally, Northern Trust Corp lifted its stake in UGI by 21.3% in the 4th quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider's stock worth $112,988,000 after purchasing an additional 703,491 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Mizuho boosted their price target on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded UGI from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th.

UGI Price Performance

Shares of UGI stock traded up $0.09 on Tuesday, hitting $36.49. 2,810,073 shares of the company traded hands, compared to its average volume of 2,082,642. UGI Corporation has a 12-month low of $22.01 and a 12-month high of $36.73. The firm's 50-day simple moving average is $34.80 and its 200 day simple moving average is $32.27. The company has a market cap of $7.83 billion, a P/E ratio of 15.02, a P/E/G ratio of 2.23 and a beta of 1.06. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31.

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 the consensus estimate of $1.80 by $0.41. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $3.26 billion. UGI had a return on equity of 16.21% and a net margin of 7.28%. The company's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 earnings per share. Analysts expect that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Monday, June 16th. UGI's payout ratio is currently 61.73%.

UGI 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.