State of New Jersey Common Pension Fund D Sells 18,450 Shares of UGI Corporation $UGI

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in UGI Corporation by 21.4% during the first quarter, now holding 67,687 shares valued at approximately $2.24 million.
• UGI recently announced a quarterly dividend of $0.375 which will be paid on October 1st, with a yield of 4.3% and a payout ratio of 78.95%.
• Analysts have mixed opinions on UGI, with price targets ranging up to $39.00 and a consensus rating of "Moderate Buy" based on recent evaluations.

State of New Jersey Common Pension Fund D trimmed its position in shares of UGI Corporation (NYSE:UGI - Free Report) by 21.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,687 shares of the utilities provider's stock after selling 18,450 shares during the period. State of New Jersey Common Pension Fund D's holdings in UGI were worth $2,238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CX Institutional bought a new position in UGI during the first quarter worth about $30,000. GeoWealth Management LLC bought a new position in UGI during the fourth quarter worth about $27,000. Private Trust Co. NA lifted its stake in UGI by 36.1% during the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock worth $46,000 after purchasing an additional 370 shares during the period. Anderson Financial Strategies LLC bought a new position in UGI during the fourth quarter worth about $41,000. Finally, Parvin Asset Management LLC bought a new position in UGI during the fourth quarter worth about $49,000. 82.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UGI. Wall Street Zen cut shares of UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Mizuho upped their price objective on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Zacks Research raised shares of UGI to a "hold" rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.33.

UGI Trading Down 0.7%

Shares of NYSE UGI traded down $0.25 during mid-day trading on Tuesday, hitting $34.88. The company's stock had a trading volume of 358,556 shares, compared to its average volume of 1,946,090. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56. UGI Corporation has a one year low of $23.14 and a one year high of $37.42. The company's fifty day simple moving average is $35.78 and its 200-day simple moving average is $34.33.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share (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 firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period last year, the firm earned $0.06 earnings per share. The business's revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 annualized dividend and a yield of 4.3%. UGI's dividend payout ratio (DPR) is presently 78.95%.

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.