Mackenzie Financial Corp Trims Position in UGI Corporation (NYSE:UGI)

Mackenzie Financial Corp cut its position in shares of UGI Corporation (NYSE:UGI - Free Report) by 29.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,394 shares of the utilities provider's stock after selling 14,998 shares during the period. Mackenzie Financial Corp's holdings in UGI were worth $1,204,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its position in shares of UGI by 36.1% during the 1st quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock valued at $46,000 after acquiring an additional 370 shares during the period. Quintet Private Bank Europe S.A. boosted its position in UGI by 25.3% during 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 in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in UGI by 5.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 8,908 shares of the utilities provider's stock valued at $295,000 after purchasing an additional 422 shares during the period. State of Wyoming increased its position in shares of UGI by 4.6% in 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 in the last quarter. Finally, Invst LLC raised its stake in shares of UGI by 1.7% during the 4th quarter. Invst LLC now owns 27,944 shares of the utilities provider's stock worth $789,000 after buying an additional 474 shares during the period. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Price Performance

Shares of UGI traded down $0.26 during trading hours on Friday, hitting $35.20. 456,592 shares of the stock were exchanged, compared to its average volume of 1,943,558. The stock's 50-day moving average price is $35.98 and its two-hundred day moving average price is $33.93. UGI Corporation has a 12-month low of $23.09 and a 12-month 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. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.72 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.11. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.77 billion. UGI had a net margin of 5.70% and a return on equity of 15.92%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Research analysts expect that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on UGI shares. Mizuho lifted their price target on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen lowered shares of UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th.

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.