UGI Co. (NYSE:UGI) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. grew its stake in UGI Co. (NYSE:UGI - Free Report) by 108,531.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,640 shares of the utilities provider's stock after buying an additional 20,621 shares during the period. NBC Securities Inc.'s holdings in UGI were worth $682,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rhumbline Advisers boosted its stake in UGI by 1.8% during the 1st quarter. Rhumbline Advisers now owns 606,815 shares of the utilities provider's stock worth $20,067,000 after purchasing an additional 10,865 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in UGI during the 1st quarter worth $230,000. Global Financial Private Client LLC boosted its stake in UGI by 183,375.0% during the 1st quarter. Global Financial Private Client LLC now owns 14,678 shares of the utilities provider's stock worth $485,000 after purchasing an additional 14,670 shares during the period. Parallel Advisors LLC boosted its stake in UGI by 19.9% during the 1st quarter. Parallel Advisors LLC now owns 3,931 shares of the utilities provider's stock worth $130,000 after purchasing an additional 653 shares during the period. Finally, Partnership Wealth Management LLC acquired a new stake in UGI during the 1st quarter worth $223,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Wall Street Analysts Forecast Growth

UGI has been the subject of a number of analyst reports. 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 report on Thursday, May 15th. Wall Street Zen upgraded shares of UGI from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th.

UGI Stock Performance

UGI stock traded up $0.22 during trading hours on Friday, reaching $35.56. 1,077,310 shares of the stock were exchanged, compared to its average volume of 2,122,245. The stock has a market cap of $7.62 billion, a P/E ratio of 14.00, a P/E/G ratio of 2.26 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. UGI Co. has a 52-week low of $22.01 and a 52-week high of $36.55. The firm's 50 day moving average is $33.74 and its 200 day moving average is $31.73.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.41. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $3.26 billion. UGI had a net margin of 7.73% and a return on equity of 15.19%. The business's revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.97 EPS. Analysts predict that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 annualized dividend and a yield of 4.22%. UGI's dividend payout ratio (DPR) is currently 61.73%.

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.