Nuveen LLC Takes Position in UGI Corporation $UGI

Key Points

• Nuveen LLC has invested approximately $20.99 million in UGI Corporation, acquiring 634,649 shares, which represents 0.30% of the company's total stock.
• UGI's recent earnings report indicated a net margin of 5.70% with earnings per share of ($0.01), surpassing estimates by $0.11.
• The company announced a quarterly dividend of $0.375, resulting in an annual yield of 4.3%, with the ex-dividend date set for September 15th.

Nuveen LLC purchased a new stake in UGI Corporation (NYSE:UGI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 634,649 shares of the utilities provider's stock, valued at approximately $20,988,000. Nuveen LLC owned approximately 0.30% of UGI as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GeoWealth Management LLC bought a new position in UGI in the fourth quarter valued at approximately $27,000. CX Institutional bought a new position in UGI in the first quarter valued at approximately $30,000. Anderson Financial Strategies LLC bought a new position in shares of UGI during the 4th quarter worth approximately $41,000. 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 worth $46,000 after acquiring an additional 370 shares during the period. Finally, Parvin Asset Management LLC bought a new position in shares of UGI during the 4th quarter worth approximately $49,000. 82.34% of the stock is currently owned by institutional investors.

UGI Price Performance

Shares of NYSE:UGI traded up $0.5160 during trading on Friday, reaching $35.3060. 1,470,879 shares of the company traded hands, compared to its average volume of 1,866,368. The company's 50 day moving average is $35.79 and its two-hundred day moving average is $34.29. The firm has a market capitalization of $7.59 billion, a PE ratio of 18.58, a PEG 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. UGI Corporation has a 52 week low of $23.14 and a 52 week 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 for the quarter, beating analysts' consensus estimates of ($0.12) by $0.11. The firm 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%.The company's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. As a group, sell-side analysts predict that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, September 15th. UGI's dividend payout ratio is presently 78.95%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Mizuho lifted 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. Wall Street Zen downgraded UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Zacks Research upgraded UGI to a "hold" rating in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, UGI 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.