Sequoia Financial Advisors LLC Purchases Shares of 10,206 UGI Corporation (NYSE:UGI)

Sequoia Financial Advisors LLC bought a new position in UGI Corporation (NYSE:UGI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,206 shares of the utilities provider's stock, valued at approximately $338,000.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in UGI during the fourth quarter worth approximately $103,115,000. FMR LLC boosted its holdings in UGI by 22.4% during the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after acquiring an additional 2,110,337 shares during the period. Corvex Management LP bought a new stake in UGI during the fourth quarter valued at about $55,354,000. Pictet Asset Management Holding SA raised its position in shares of UGI by 5,776.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider's stock valued at $49,104,000 after buying an additional 1,709,820 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of UGI by 5,215.3% during the fourth quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider's stock valued at $44,046,000 after buying an additional 1,530,911 shares during the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Mizuho upped their price objective on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen raised shares of UGI from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th.

UGI Trading Down 0.3%

Shares of NYSE UGI traded down $0.12 during midday trading on Monday, reaching $35.28. 1,139,211 shares of the stock were exchanged, compared to its average volume of 2,073,314. The business has a 50-day simple moving average of $35.39 and a two-hundred day simple moving average of $32.80. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 2.18 and a beta of 1.05. UGI Corporation has a 12 month low of $22.01 and a 12 month high of $36.74. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.23 and a quick ratio of 1.05.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.41. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. UGI had a net margin of 7.28% and a return on equity of 16.21%. UGI's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.97 EPS. As a group, equities research analysts expect that UGI Corporation will post 3.02 EPS for the current year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Monday, June 16th. UGI's dividend payout ratio (DPR) is presently 61.73%.

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.