Sciencast Management LP Acquires Shares of 60,251 UGI Corporation $UGI

Key Points

• Sciencast Management LP has made a new investment of $1.99 million in UGI Corporation, purchasing 60,251 shares in the first quarter.
• UGI Corporation announced a quarterly dividend of $0.375, which will yield 4.4% annually, with the ex-dividend date set for September 15th.
• The company's recent earnings report revealed a net margin of 5.70% and a return on equity of 15.73%, with a projected earning per share of 3.02 for the current fiscal year.

Sciencast Management LP bought a new stake in UGI Corporation (NYSE:UGI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 60,251 shares of the utilities provider's stock, valued at approximately $1,993,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CX Institutional bought a new position in UGI in the 1st quarter valued at about $30,000. Private Trust Co. NA grew its position 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 buying an additional 370 shares in the last quarter. Quarry LP bought a new position in UGI in the 1st quarter valued at about $51,000. Quintet Private Bank Europe S.A. grew its position in UGI by 25.3% in the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock valued at $62,000 after buying an additional 380 shares in the last quarter. Finally, SouthState Corp bought a new position in UGI in the 1st quarter valued at about $62,000. Institutional investors own 82.34% of the company's stock.

UGI Price Performance

NYSE UGI traded down $0.08 on Friday, reaching $34.75. The company's stock had a trading volume of 1,507,715 shares, compared to its average volume of 1,582,603. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70. UGI Corporation has a twelve month low of $23.14 and a twelve month high of $37.42. The stock has a market cap of $7.47 billion, a PE ratio of 18.29, a PEG ratio of 1.66 and a beta of 1.06. The firm's 50 day moving average is $35.38 and its two-hundred day moving average is $34.51.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.11. UGI had a net margin of 5.70% and a return on equity of 15.73%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the firm earned $0.06 earnings per share. The business's quarterly revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.3%. UGI's dividend payout ratio is currently 78.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of UGI from a "buy" rating to a "hold" rating in a research report on Saturday. Zacks Research raised shares of UGI to a "hold" rating in a report on Monday, August 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, UGI has a consensus rating of "Moderate Buy" and an average 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.