Measured Wealth Private Client Group LLC Takes $663,000 Position in UGI Corporation (NYSE:UGI)

Key Points

• Measured Wealth Private Client Group LLC recently acquired 20,040 shares of UGI Corporation, valued at approximately $663,000, highlighting growing institutional interest in the utilities provider.
• Analysts have mixed views on UGI, with Mizuho raising its price target to $39.00, while Wall Street Zen downgraded its rating from "strong-buy" to "buy."
• UGI announced a quarterly dividend of $0.375 per share, translating to an annualized dividend of $1.50 with a yield of 4.3%, indicating solid returns for investors.

Measured Wealth Private Client Group LLC purchased a new position in UGI Corporation (NYSE:UGI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,040 shares of the utilities provider's stock, valued at approximately $663,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bessemer Group Inc. boosted its stake in shares of UGI by 216.7% during the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after buying an additional 611 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in shares of UGI during the 4th quarter valued at approximately $25,000. CX Institutional purchased a new position in shares of UGI during the 1st quarter valued at approximately $30,000. GeoWealth Management LLC purchased a new position in shares of UGI during the 4th quarter valued at approximately $27,000. Finally, Private Trust Co. NA boosted its stake 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 buying an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Stock Performance

Shares of UGI stock traded up $0.02 on Monday, hitting $35.13. 5,258,099 shares of the stock traded hands, compared to its average volume of 1,498,729. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56. The company has a market capitalization of $7.55 billion, a PE ratio of 18.49, a PEG ratio of 1.67 and a beta of 1.05. UGI Corporation has a 1-year low of $23.14 and a 1-year high of $37.42. The company's fifty day moving average is $35.93 and its 200 day moving average is $34.04.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results 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 return on equity of 15.73% and a net margin of 5.70%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $0.06 EPS. The business's revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts predict that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.50 annualized dividend and a yield of 4.3%. UGI's dividend payout ratio (DPR) is currently 78.95%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Mizuho increased their target price on 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 UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th.

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.