State of Wyoming Has $729,000 Stock Holdings in UGI Corporation $UGI

Key Points

• The State of Wyoming increased its holdings in UGI Corporation by 120.3%, acquiring an additional 12,036 shares, bringing their total to 22,041 shares valued at approximately $729,000.
• UGI Corporation reported a quarterly earnings per share (EPS) of ($0.01), exceeding expectations of ($0.12), with a revenue of $1.39 billion for the quarter.
• The company declared a quarterly dividend of $0.375, translating to a 4.3% yield, with an upcoming ex-dividend date of September 15th.

State of Wyoming lifted its stake in shares of UGI Corporation (NYSE:UGI - Free Report) by 120.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,041 shares of the utilities provider's stock after purchasing an additional 12,036 shares during the quarter. State of Wyoming's holdings in UGI were worth $729,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new stake in UGI during the 1st quarter worth approximately $338,000. Red Door Wealth Management LLC bought a new stake in UGI during the 1st quarter worth approximately $230,000. Atlas Capital Advisors Inc. grew its holdings in UGI by 945.7% during the 1st quarter. Atlas Capital Advisors Inc. now owns 17,171 shares of the utilities provider's stock worth $568,000 after acquiring an additional 15,529 shares during the last quarter. Meritage Portfolio Management bought a new stake in UGI during the 1st quarter worth approximately $5,176,000. Finally, SG Americas Securities LLC bought a new stake in UGI during the 1st quarter worth approximately $1,124,000. 82.34% of the stock is owned by institutional investors.

UGI Stock Up 0.0%

Shares of UGI stock traded up $0.01 during trading on Friday, reaching $34.62. 1,500,842 shares of the company traded hands, compared to its average volume of 1,819,806. 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 1-year low of $23.14 and a 1-year high of $37.42. The company has a 50 day moving average price of $35.66 and a 200-day moving average price of $34.41. The firm has a market capitalization of $7.44 billion, a PE ratio of 18.22, a P/E/G ratio of 1.65 and a beta of 1.07.

UGI (NYSE:UGI - Get Free Report) last released its earnings results 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 company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company earned $0.06 EPS. UGI's quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts expect that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, September 15th. UGI's payout ratio is presently 78.95%.

Wall Street Analysts Forecast Growth

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

UGI 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.