Manning & Napier Advisors LLC Has $3.33 Million Position in UGI Corporation (NYSE:UGI)

Manning & Napier Advisors LLC decreased its position in UGI Corporation (NYSE:UGI - Free Report) by 32.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 100,811 shares of the utilities provider's stock after selling 49,189 shares during the period. Manning & Napier Advisors LLC's holdings in UGI were worth $3,334,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UGI. AIA Group Ltd lifted its holdings in shares of UGI by 1.8% in the fourth quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock valued at $509,000 after purchasing an additional 323 shares in the last quarter. Quintet Private Bank Europe S.A. raised 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 valued at $62,000 after buying an additional 380 shares during the period. US Bancorp DE lifted its stake in UGI by 3.7% in the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock worth $306,000 after acquiring an additional 388 shares in the last quarter. State of Wyoming lifted its stake in UGI by 4.6% in the 4th quarter. State of Wyoming now owns 10,005 shares of the utilities provider's stock worth $282,000 after acquiring an additional 444 shares in the last quarter. Finally, Invst LLC boosted its position in 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 acquiring an additional 474 shares during the period. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Stock Up 1.0%

Shares of NYSE:UGI traded up $0.35 during midday trading on Thursday, hitting $36.06. 2,500,270 shares of the stock were exchanged, compared to its average volume of 2,081,406. The company has a market capitalization of $7.73 billion, a PE ratio of 14.84, a P/E/G ratio of 2.19 and a beta of 1.06. UGI Corporation has a 52-week low of $22.01 and a 52-week high of $36.74. 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 business's fifty day simple moving average is $34.95 and its two-hundred day simple moving average is $32.32.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.41. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. UGI had a return on equity of 16.21% and a net margin of 7.28%. The business's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.97 EPS. As a group, research analysts predict that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 16th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.16%. The ex-dividend date is Monday, June 16th. UGI's payout ratio is presently 61.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on UGI shares. Wall Street Zen upgraded UGI from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 14th. Mizuho boosted their price objective 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.

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.