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

A number of other large investors also recently made changes to their positions in the business. GeoWealth Management LLC acquired a new position in UGI in the fourth quarter worth approximately $27,000. CX Institutional bought a new stake in shares of UGI in the first quarter valued at approximately $30,000. Anderson Financial Strategies LLC bought a new stake in shares of UGI in the fourth quarter valued at approximately $41,000. Private Trust Co. NA lifted its position in UGI by 36.1% in the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock worth $46,000 after purchasing an additional 370 shares during the period. Finally, Parvin Asset Management LLC acquired a new position in UGI during the fourth quarter worth $49,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Analyst Ratings Changes

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

UGI Stock Down 0.4%

UGI stock traded down $0.16 during midday trading on Friday, reaching $34.46. The stock had a trading volume of 315,651 shares, compared to its average volume of 1,936,748. The stock has a market capitalization of $7.41 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.67 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 simple moving average is $35.69 and its 200-day simple moving average is $34.36. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70.

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

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, September 15th. UGI's dividend payout ratio (DPR) is 78.95%.

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.