Strs Ohio Makes New $1.92 Million Investment in UGI Corporation $UGI

Key Points

• Strs Ohio has taken a new position in UGI Corporation, acquiring approximately $1.92 million worth of shares during the first quarter.
• UGI Corporation reported a loss per share of ($0.01) for the latest quarter, exceeding analysts' estimates, despite revenue falling short of expectations at $1.39 billion.
• The company declared a quarterly dividend of $0.375 per share, representing an annualized yield of 4.4%, with a payout ratio of 78.95%.

Strs Ohio acquired a new stake in shares of UGI Corporation (NYSE:UGI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 58,182 shares of the utilities provider's stock, valued at approximately $1,924,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jacobi Capital Management LLC lifted its holdings in UGI by 5.0% during the first quarter. Jacobi Capital Management LLC now owns 47,578 shares of the utilities provider's stock valued at $1,573,000 after purchasing an additional 2,251 shares in the last quarter. WBI Investments LLC lifted its holdings in UGI by 80.8% during the first quarter. WBI Investments LLC now owns 80,887 shares of the utilities provider's stock valued at $2,675,000 after purchasing an additional 36,140 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in UGI by 3.8% during the first quarter. Belpointe Asset Management LLC now owns 9,758 shares of the utilities provider's stock valued at $323,000 after purchasing an additional 359 shares in the last quarter. Focus Partners Wealth lifted its holdings in UGI by 92.6% during the first quarter. Focus Partners Wealth now owns 22,584 shares of the utilities provider's stock valued at $747,000 after purchasing an additional 10,861 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in shares of UGI in the first quarter valued at about $571,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Stock Down 0.3%

Shares of NYSE UGI traded down $0.10 during midday trading on Friday, hitting $32.90. The company's stock had a trading volume of 5,195,471 shares, compared to its average volume of 1,571,228. The business's fifty day simple moving average is $35.16 and its two-hundred day simple moving average is $34.48. 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 firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06.

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 the consensus estimate of ($0.12) by $0.11. UGI had a net margin of 5.70% and a return on equity of 15.73%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm posted $0.06 earnings per share. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts predict that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $0.375 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.6%. UGI's payout ratio is currently 78.95%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UGI. Zacks Research upgraded shares of UGI to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen cut shares of UGI from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $31.33.

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.