National Bank of Canada FI Invests $492,000 in UGI Corporation $UGI

Key Points

• National Bank of Canada FI has acquired 14,891 shares of UGI Corporation, valued at approximately $492,000, indicating increasing institutional interest in the stock.
• UGI Corporation reported a quarterly earnings per share of ($0.01), beating analysts' expectations, but its revenue of $1.39 billion fell short of the projected $1.77 billion.
• The company has declared a quarterly dividend of $0.375 per share, resulting in an annualized yield of 4.3%, with a payout ratio of 78.95%.

National Bank of Canada FI purchased a new stake in UGI Corporation (NYSE:UGI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,891 shares of the utilities provider's stock, valued at approximately $492,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in UGI in the 1st quarter valued at about $84,000. Deutsche Bank AG increased its position in UGI by 2.5% in the 1st quarter. Deutsche Bank AG now owns 43,328 shares of the utilities provider's stock valued at $1,433,000 after acquiring an additional 1,044 shares during the period. Wealthspire Advisors LLC increased its position in UGI by 1.9% during the 1st quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider's stock worth $581,000 after purchasing an additional 323 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of UGI during the 1st quarter worth approximately $586,000. Finally, Blair William & Co. IL purchased a new position in shares of UGI during the 1st quarter worth approximately $215,000. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Price Performance

UGI stock traded up $0.52 during mid-day trading on Wednesday, hitting $35.03. 711,380 shares of the company were exchanged, compared to its average volume of 1,945,564. 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 business's 50 day simple moving average is $35.87 and its two-hundred day simple moving average is $34.21. The company has a market capitalization of $7.53 billion, a P/E ratio of 18.43, a PEG ratio of 1.65 and a beta of 1.05. UGI Corporation has a 12-month low of $23.14 and a 12-month high of $37.42.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.11. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.77 billion. UGI had a return on equity of 15.73% and a net margin of 5.70%.UGI's revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. Analysts forecast that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.3%. UGI's dividend payout ratio (DPR) is 78.95%.

Analysts Set New Price Targets

UGI has been the subject of a number of analyst reports. Zacks Research raised UGI to a "hold" rating in a research note on Monday, August 11th. Mizuho increased their target price on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen downgraded UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, UGI currently has an average rating of "Moderate Buy" and a consensus price target of $31.33.

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.