UGI Corporation (NYSE:UGI) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its stake in shares of UGI Corporation (NYSE:UGI - Free Report) by 3.9% during the first quarter, according to its most recent filing with the SEC. 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 0.11% of UGI worth $7,973,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of UGI by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock valued at $72,130,000 after buying an additional 51,861 shares in the last quarter. Jump Financial LLC lifted its stake in shares of UGI by 190.8% in the 4th quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider's stock valued at $964,000 after purchasing an additional 22,411 shares during the period. Focus Partners Wealth purchased a new position in UGI during the fourth quarter valued at $331,000. GAMMA Investing LLC raised its stake in shares of UGI by 3,449.2% in the first quarter. GAMMA Investing LLC now owns 277,722 shares of the utilities provider's stock worth $8,398,000 after purchasing an additional 269,897 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of UGI by 28.2% in the fourth quarter. LPL Financial LLC now owns 398,820 shares of the utilities provider's stock worth $11,259,000 after purchasing an additional 87,739 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Trading Down 0.2%

Shares of UGI traded down $0.09 during mid-day trading on Friday, reaching $36.28. 2,447,266 shares of the company's stock traded hands, compared to its average volume of 2,083,361. UGI Corporation has a 12 month low of $22.01 and a 12 month high of $36.62. The stock has a market cap of $7.78 billion, a P/E ratio of 14.93, a P/E/G ratio of 2.23 and a beta of 1.06. The stock's 50-day moving average is $34.71 and its two-hundred day moving average is $32.18. 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 (NYSE:UGI - Get Free Report) last announced 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 company had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter in the prior year, the firm earned $1.97 earnings per share. UGI's revenue was up 8.1% compared to the same quarter last year. Research analysts forecast that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, June 16th. This represents a $1.50 annualized dividend and a yield of 4.13%. UGI's dividend payout ratio (DPR) is presently 61.73%.

Analysts Set New Price Targets

Several research firms have issued reports on UGI. Wall Street Zen raised UGI from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 14th. Mizuho upped their price objective on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research report 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.