UGI Corporation $UGI Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ sold 644,928 shares of UGI Corporation, reducing its stake by 21.4% and owning 1.10% of the company valued at $78.16 million.
• UGI reported a quarterly net loss of $0.01 per share, outperforming analysts' predictions of ($0.12), while revenue for the quarter was $1.39 billion against expectations of $1.77 billion.
• The company announced a quarterly dividend of $0.375, payable on October 1st, which equates to an annual yield of 4.3%.

Lansforsakringar Fondforvaltning AB publ trimmed its position in shares of UGI Corporation (NYSE:UGI - Free Report) by 21.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,363,363 shares of the utilities provider's stock after selling 644,928 shares during the quarter. Lansforsakringar Fondforvaltning AB publ owned about 1.10% of UGI worth $78,156,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new position in shares of UGI in the 1st quarter valued at approximately $338,000. Red Door Wealth Management LLC purchased a new position in shares of UGI in the 1st quarter valued at approximately $230,000. Atlas Capital Advisors Inc. increased its holdings in UGI by 945.7% in the 1st quarter. Atlas Capital Advisors Inc. now owns 17,171 shares of the utilities provider's stock worth $568,000 after buying an additional 15,529 shares during the period. Meritage Portfolio Management acquired a new position in UGI in the 1st quarter worth approximately $5,176,000. Finally, SG Americas Securities LLC acquired a new position in UGI in the 1st quarter worth approximately $1,124,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

UGI Price Performance

Shares of UGI stock traded up $0.01 during trading hours on Friday, reaching $34.62. The stock had a trading volume of 1,500,842 shares, compared to its average volume of 1,804,023. UGI Corporation has a twelve month low of $23.14 and a twelve month high of $37.42. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $7.44 billion, a PE ratio of 18.22, a PEG ratio of 1.65 and a beta of 1.05. The stock's 50 day moving average is $35.66 and its 200 day moving average is $34.39.

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

UGI Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.3%. UGI's dividend payout ratio is currently 78.95%.

About UGI

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.