Quantbot Technologies LP Decreases Position in UGI Corporation $UGI

Key Points

• Quantbot Technologies LP reduced its holdings in UGI Corporation by 46.4%, holding approximately $3.55 million in stock after selling 93,075 shares in the first quarter.
• UGI recently declared a quarterly dividend of $0.375 per share, representing an annualized yield of 4.3%, with a dividend payout ratio of 78.95%.
• UGI Corporation's stock is currently rated as a "Moderate Buy" with a consensus price target of $31.33 according to analyst reports, despite experiencing a 0.3% decline in stock price recently.

Quantbot Technologies LP decreased its stake in UGI Corporation (NYSE:UGI - Free Report) by 46.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,480 shares of the utilities provider's stock after selling 93,075 shares during the quarter. Quantbot Technologies LP owned approximately 0.05% of UGI worth $3,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CX Institutional purchased a new stake in UGI during the 1st quarter worth approximately $30,000. GeoWealth Management LLC purchased a new stake in shares of UGI during the fourth quarter worth approximately $27,000. Private Trust Co. NA raised its stake in UGI by 36.1% in the 1st quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock valued at $46,000 after purchasing an additional 370 shares during the last quarter. Anderson Financial Strategies LLC acquired a new position in UGI in the 4th quarter valued at $41,000. Finally, Parvin Asset Management LLC purchased a new position in UGI in the 4th quarter valued at $49,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Trading Up 1.5%

Shares of NYSE:UGI traded up $0.5160 during midday trading on Friday, reaching $35.3060. 1,470,879 shares of the company's stock were exchanged, compared to its average volume of 1,866,368. The firm's 50 day simple moving average is $35.79 and its two-hundred day simple moving average is $34.29. UGI Corporation has a fifty-two week low of $23.14 and a fifty-two week high of $37.42. 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 stock has a market cap of $7.59 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 1.68 and a beta of 1.05.

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

UGI Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Zacks Research upgraded shares of UGI to a "hold" rating in a report on Monday, August 11th. Finally, Mizuho boosted their target price on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, UGI currently has an average rating of "Moderate Buy" and a consensus price target of $31.33.

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.