LPL Financial LLC Lowers Position in UGI Corporation (NYSE:UGI)

Key Points

• LPL Financial LLC reduced its stake in UGI Corporation by 2.0% in Q1, holding approximately 390,791 shares worth $12.9 million.
• UGI recently reported an earnings per share (EPS) of ($0.01), beating analysts' expectations and generating revenue of $1.39 billion for the quarter.
• The company announced a quarterly dividend of $0.375 per share, with a total annualized dividend of $1.50 and a yield of 4.2%.

LPL Financial LLC cut its holdings in UGI Corporation (NYSE:UGI - Free Report) by 2.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 390,791 shares of the utilities provider's stock after selling 8,029 shares during the quarter. LPL Financial LLC owned approximately 0.18% of UGI worth $12,923,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after acquiring an additional 611 shares during the period. Altshuler Shaham Ltd purchased a new stake in UGI in the fourth quarter worth about $25,000. GeoWealth Management LLC purchased a new stake in UGI in the fourth quarter worth about $27,000. CX Institutional purchased a new stake in UGI in the first quarter worth about $30,000. Finally, Anderson Financial Strategies LLC purchased a new stake in UGI in the fourth quarter worth about $41,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Stock Performance

UGI stock opened at $35.48 on Friday. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.72 and a beta of 1.05. The firm has a 50-day simple moving average of $35.98 and a two-hundred day simple moving average of $33.93. UGI Corporation has a one year low of $23.09 and a one year high of $37.42. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.23.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share (EPS) 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 15.92%. The firm 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 company posted $0.06 earnings per share. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts forecast that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.2%. UGI's dividend payout ratio is 61.73%.

Analysts Set New Price Targets

Several analysts have commented on UGI shares. Wall Street Zen lowered shares of UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Mizuho increased 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.

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.

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