Massachusetts Financial Services Co. MA Cuts Stake in UGI Corporation (NYSE:UGI)

Massachusetts Financial Services Co. MA cut its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 10.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,299,210 shares of the utilities provider's stock after selling 158,492 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.60% of UGI worth $42,965,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UGI. Bessemer Group Inc. raised its position in shares of UGI by 216.7% in the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after acquiring an additional 611 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in shares of UGI during the fourth quarter valued at approximately $25,000. CX Institutional purchased a new stake in shares of UGI in the first quarter valued at approximately $30,000. GeoWealth Management LLC purchased a new position in shares of UGI during the fourth quarter worth $27,000. Finally, Private Trust Co. NA raised its stake in shares of UGI by 36.1% in the first 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 in the last quarter. Institutional investors own 82.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have 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 raised their target price on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th.

UGI Stock Performance

UGI stock opened at $36.05 on Friday. The firm's 50 day simple moving average is $35.76 and its 200 day simple moving average is $33.17. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $7.73 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05. UGI Corporation has a 1-year low of $23.09 and a 1-year high of $36.74.

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

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Monday, June 16th. UGI's dividend payout ratio (DPR) is 61.73%.

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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