UGI Co. (NYSE:UGI) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 606,815 shares of the utilities provider's stock after acquiring an additional 10,865 shares during the period. Rhumbline Advisers owned about 0.28% of UGI worth $20,067,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted its stake in UGI by 31.7% in the 4th quarter. Blue Trust Inc. now owns 4,360 shares of the utilities provider's stock valued at $123,000 after buying an additional 1,049 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of UGI in the fourth quarter valued at $200,000. Bleakley Financial Group LLC acquired a new stake in shares of UGI during the fourth quarter valued at $253,000. Golden State Wealth Management LLC purchased a new stake in UGI during the 4th quarter worth about $36,000. Finally, Kingsview Wealth Management LLC acquired a new position in UGI in the 4th quarter valued at about $740,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Trading Up 1.4%

NYSE:UGI traded up $0.49 during mid-day trading on Tuesday, reaching $36.02. The company's stock had a trading volume of 2,762,535 shares, compared to its average volume of 2,116,032. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The stock has a market cap of $7.72 billion, a P/E ratio of 14.18, a P/E/G ratio of 2.26 and a beta of 1.06. The company's fifty day simple moving average is $33.85 and its two-hundred day simple moving average is $31.81. UGI Co. has a twelve month low of $22.01 and a twelve month high of $36.55.

UGI (NYSE:UGI - Get Free Report) last released its earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.41. UGI had a net margin of 7.73% and a return on equity of 15.19%. The business had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same period last year, the company earned $1.97 earnings per share. The company's quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 16th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Monday, June 16th. UGI's dividend payout ratio (DPR) is currently 61.73%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on UGI shares. Wall Street Zen raised shares of UGI from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Mizuho raised their target price on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research 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.