ARGA Investment Management LP Trims Position in UGI Corporation (NYSE:UGI)

ARGA Investment Management LP trimmed its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,735 shares of the utilities provider's stock after selling 17,519 shares during the period. ARGA Investment Management LP's holdings in UGI were worth $3,232,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in UGI in the 1st quarter worth approximately $338,000. Red Door Wealth Management LLC bought a new stake in shares of UGI during the first quarter valued at approximately $230,000. Charles Schwab Investment Management Inc. boosted its position in shares of UGI by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock valued at $72,130,000 after purchasing an additional 51,861 shares in the last quarter. Jump Financial LLC boosted its position in shares of UGI by 190.8% during the fourth quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider's stock valued at $964,000 after purchasing an additional 22,411 shares in the last quarter. Finally, Meritage Portfolio Management bought a new stake in shares of UGI during the first quarter valued at approximately $5,176,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Stock Down 0.4%

UGI stock traded down $0.13 during mid-day trading on Tuesday, hitting $35.16. The company had a trading volume of 1,720,829 shares, compared to its average volume of 2,071,909. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. The stock's 50 day moving average price is $35.39 and its two-hundred day moving average price is $32.80. UGI Corporation has a 12 month low of $22.01 and a 12 month high of $36.74. The company has a market capitalization of $7.54 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.41. UGI had a return on equity of 16.21% and a net margin of 7.28%. The firm had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter in the previous year, the business earned $1.97 earnings per share. The company's revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Monday, June 16th. UGI's dividend payout ratio is currently 61.73%.

Analyst Ratings Changes

UGI has been the topic of several research reports. Mizuho lifted their price target on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded UGI from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th.

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.