Northwest & Ethical Investments L.P. Lowers Position in UGI Corporation $UGI

Key Points

• Northwest & Ethical Investments L.P. reduced its holdings in UGI Corporation by 35.3%, selling 92,315 shares and now owning approximately 0.08% of the company, valued at $5,604,000.
• UGI reported a net revenue of $1.39 billion for the quarter, which was below analysts' expectations, although it beat the EPS consensus estimate.
• The company's quarterly dividend of $0.375 will be paid on October 1st, representing an annual yield of 4.3% with a payout ratio of 78.95%.

Northwest & Ethical Investments L.P. cut its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 35.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,459 shares of the utilities provider's stock after selling 92,315 shares during the quarter. Northwest & Ethical Investments L.P. owned about 0.08% of UGI worth $5,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. GeoWealth Management LLC purchased a new position in shares of UGI during the 4th quarter worth $27,000. CX Institutional purchased a new position in shares of UGI during the 1st quarter worth $30,000. Anderson Financial Strategies LLC purchased a new position in shares of UGI during the 4th quarter worth $41,000. Private Trust Co. NA grew its holdings 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 worth $46,000 after purchasing an additional 370 shares during the period. Finally, Parvin Asset Management LLC purchased a new position in UGI during the 4th quarter valued at about $49,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Stock Performance

Shares of UGI stock opened at $35.21 on Monday. The business has a 50-day moving average of $35.92 and a 200 day moving average of $34.19. UGI Corporation has a 12 month low of $23.14 and a 12 month high of $37.42. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.77 billion. UGI had a return on equity of 15.73% and a net margin of 5.70%. The business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. As a group, sell-side analysts forecast that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Zacks Research upgraded UGI to a "hold" rating in a report on Monday, August 11th. Mizuho raised their target price on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Wall Street Zen cut UGI from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, UGI currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.33.

UGI 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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