Jump Financial LLC Purchases 246,586 Shares of UGI Corporation $UGI

Key Points

• Jump Financial LLC increased its holdings in UGI Corporation by 721.9% in the 1st quarter, acquiring an additional 246,586 shares, bringing its total ownership to approximately 280,744 shares valued at $9,284,000.
• UGI Corporation recently announced a quarterly dividend of $0.375, which represents an annualized dividend yield of 4.2%.
• The company reported a net margin of 5.70% and a return on equity of 15.73% in its latest earnings results, despite missing the revenue estimate by reporting $1.39 billion against an expected $1.77 billion.

Jump Financial LLC lifted its stake in UGI Corporation (NYSE:UGI - Free Report) by 721.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 280,744 shares of the utilities provider's stock after purchasing an additional 246,586 shares during the period. Jump Financial LLC owned 0.13% of UGI worth $9,284,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UGI. Wealthspire Advisors LLC increased its stake in UGI by 1.9% during the 1st quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider's stock valued at $581,000 after purchasing an additional 323 shares in the last quarter. Private Trust Co. NA lifted its position in UGI by 36.1% during the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock valued at $46,000 after purchasing an additional 370 shares during the period. Quintet Private Bank Europe S.A. boosted its holdings in UGI by 25.3% in the first quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock worth $62,000 after purchasing an additional 380 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of UGI by 5.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 8,908 shares of the utilities provider's stock worth $295,000 after acquiring an additional 422 shares during the period. Finally, State of Wyoming grew its position in UGI by 4.6% during the fourth 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.

UGI Trading Up 0.6%

Shares of UGI traded up $0.22 during midday trading on Wednesday, hitting $35.03. The stock had a trading volume of 1,402,573 shares, compared to its average volume of 1,951,104. UGI Corporation has a 1 year low of $23.14 and a 1 year high of $37.42. The firm has a market cap of $7.53 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56. The stock's 50 day moving average is $35.72 and its 200 day moving average is $34.34.

UGI (NYSE:UGI - Get Free Report) last announced its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.11. UGI had a net margin of 5.70% and a return on equity of 15.73%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The business's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, analysts forecast that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.375 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.3%. UGI's dividend payout ratio is presently 78.95%.

Analysts Set New Price Targets

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

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.