Measured Wealth Private Client Group LLC Buys Shares of 20,040 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 stake in shares of UGI Corporation (NYSE:UGI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,040 shares of the utilities provider's stock, valued at approximately $663,000.

Several other hedge funds also recently bought and sold shares of UGI. FMR LLC raised its position in shares of UGI by 22.4% in the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after acquiring an additional 2,110,337 shares during the period. Corvex Management LP bought a new stake in shares of UGI in the fourth quarter valued at approximately $55,354,000. Neuberger Berman Group LLC grew its stake in shares of UGI by 5,215.3% during the fourth quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider's stock worth $44,046,000 after buying an additional 1,530,911 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in UGI by 50.6% in the fourth quarter. Ameriprise Financial Inc. now owns 2,366,100 shares of the utilities provider's stock valued at $66,806,000 after buying an additional 795,093 shares during the period. Finally, Sourcerock Group LLC increased its position in UGI by 236.8% in the 4th quarter. Sourcerock Group LLC now owns 1,025,000 shares of the utilities provider's stock valued at $28,936,000 after buying an additional 720,700 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Price Performance

Shares of UGI stock traded up $0.48 during trading hours on Wednesday, reaching $35.72. 398,832 shares of the company's stock were exchanged, compared to its average volume of 1,956,842. The company has a market capitalization of $7.68 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 1.16. The business has a fifty day moving average of $35.91 and a two-hundred day moving average of $34.05. UGI Corporation has a 1 year low of $23.14 and a 1 year high of $37.42.

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 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 company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm's quarterly revenue was up 1.0% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Monday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.2%. UGI's dividend payout ratio is 78.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UGI. Wall Street Zen cut UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Mizuho lifted their price objective on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a 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.