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UGI Corporation (NYSE:UGI) Shares Bought by LSV Asset Management

UGI logo with Utilities background

Key Points

  • LSV Asset Management increased its stake in UGI Corporation by 6.6%, now owning about 1.88% of the company, valued at approximately $133.5 million.
  • UGI Corporation reported earnings of $2.21 per share, surpassing analysts' expectations, with a year-over-year revenue increase of 8.1% despite quarterly revenue falling short of estimates.
  • The company announced a quarterly dividend of $0.375 per share, resulting in an annualized dividend yield of 4.2% and a payout ratio of 61.73%.
  • MarketBeat previews the top five stocks to own by September 1st.

LSV Asset Management lifted its holdings in UGI Corporation (NYSE:UGI - Free Report) by 6.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,037,604 shares of the utilities provider's stock after acquiring an additional 251,311 shares during the period. LSV Asset Management owned 1.88% of UGI worth $133,524,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Blueshift Asset Management LLC purchased a new stake in UGI during the first quarter valued at approximately $263,000. Jefferies Financial Group Inc. purchased a new stake in shares of UGI in the first quarter worth approximately $378,000. Foster & Motley Inc. raised its holdings in shares of UGI by 6.7% in the first quarter. Foster & Motley Inc. now owns 116,138 shares of the utilities provider's stock worth $3,841,000 after buying an additional 7,302 shares during the period. Natixis Advisors LLC raised its holdings in shares of UGI by 22.5% in the first quarter. Natixis Advisors LLC now owns 61,024 shares of the utilities provider's stock worth $2,018,000 after buying an additional 11,194 shares during the period. Finally, Bayforest Capital Ltd bought a new position in UGI in the first quarter worth approximately $571,000. Institutional investors own 82.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wall Street Zen cut UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Mizuho increased their price objective on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th.

Get Our Latest Report on UGI

UGI Stock Up 2.3%

UGI stock traded up $0.83 on Monday, hitting $36.88. 1,574,454 shares of the company's stock were exchanged, compared to its average volume of 1,958,701. UGI Corporation has a 12-month low of $23.09 and a 12-month high of $37.42. The firm has a 50 day moving average price of $35.96 and a two-hundred day moving average price of $33.81. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.23. The stock has a market cap of $7.91 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 1.72 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter in the previous year, the firm posted $1.97 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, June 16th. UGI's payout ratio is currently 61.73%.

UGI Profile

(Free Report)

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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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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