Neuberger Berman Group LLC Boosts Stock Holdings in UGI Corporation $UGI

Key Points

• Neuberger Berman Group LLC increased its stake in UGI Corporation by 91.5% during the first quarter, owning approximately 1.39% of the company worth $98.8 million.
• UGI recently announced a quarterly dividend of $0.375 per share, with a 4.2% dividend yield, scheduled for payment on October 1st.
• UGI's stock is currently priced at $35.92, with a market capitalization of $7.72 billion and a projected 3.02 EPS for the current fiscal year.

Neuberger Berman Group LLC raised its stake in shares of UGI Corporation (NYSE:UGI - Free Report) by 91.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,987,818 shares of the utilities provider's stock after buying an additional 1,427,553 shares during the period. Neuberger Berman Group LLC owned about 1.39% of UGI worth $98,807,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Wealthspire Advisors LLC raised its stake in shares of UGI by 1.9% during the 1st quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider's stock valued at $581,000 after buying an additional 323 shares during the last quarter. Private Trust Co. NA raised its stake in shares of UGI by 36.1% during the 1st quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock valued at $46,000 after buying an additional 370 shares during the last quarter. Quintet Private Bank Europe S.A. raised its stake in shares of UGI by 25.3% during the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock valued at $62,000 after buying an additional 380 shares during the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of UGI by 5.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 8,908 shares of the utilities provider's stock valued at $295,000 after buying an additional 422 shares during the last quarter. Finally, State of Wyoming raised its stake in shares of UGI by 4.6% during the 4th quarter. State of Wyoming now owns 10,005 shares of the utilities provider's stock valued at $282,000 after buying an additional 444 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Price Performance

NYSE UGI traded down $0.65 during trading hours on Monday, reaching $34.58. The company's stock had a trading volume of 1,988,677 shares, compared to its average volume of 1,954,423. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.68 and a beta of 1.05. UGI Corporation has a 1-year low of $23.14 and a 1-year high of $37.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56. The company's 50-day moving average is $35.92 and its two-hundred day moving average is $34.19.

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, topping the consensus estimate of ($0.12) by $0.11. UGI had a return on equity of 15.73% and a net margin of 5.70%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business earned $0.06 EPS. UGI's quarterly revenue was up 1.0% on a year-over-year basis. On average, equities analysts predict that UGI Corporation will post 3.02 EPS for the current year.

UGI Announces Dividend

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

Wall Street Analysts Forecast Growth

UGI has been the subject of a number of recent research reports. Zacks Research upgraded UGI to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen cut UGI from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Finally, Mizuho upped their price target on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, UGI currently has an average rating of "Moderate Buy" and a consensus 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.