Diamond Hill Capital Management Inc. Has $40.63 Million Stake in UGI Corporation (NYSE:UGI)

Diamond Hill Capital Management Inc. decreased its position in UGI Corporation (NYSE:UGI - Free Report) by 9.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,228,623 shares of the utilities provider's stock after selling 130,279 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.57% of UGI worth $40,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC grew its holdings in shares of UGI by 23.7% during the fourth quarter. Natixis Advisors LLC now owns 49,830 shares of the utilities provider's stock worth $1,407,000 after buying an additional 9,549 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in UGI by 9.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,556 shares of the utilities provider's stock worth $411,000 after acquiring an additional 1,204 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of UGI by 6.1% during the 4th quarter. Corient Private Wealth LLC now owns 19,006 shares of the utilities provider's stock worth $537,000 after acquiring an additional 1,097 shares in the last quarter. American Century Companies Inc. grew its stake in shares of UGI by 62.1% during the 4th quarter. American Century Companies Inc. now owns 68,729 shares of the utilities provider's stock worth $1,940,000 after acquiring an additional 26,317 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of UGI in the fourth quarter valued at approximately $2,378,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UGI. Mizuho increased 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 cut shares of UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th.

UGI Stock Down 1.9%

UGI stock traded down $0.69 during mid-day trading on Thursday, reaching $35.84. The company had a trading volume of 1,293,192 shares, compared to its average volume of 1,601,982. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 2.24 and a beta of 1.05. UGI Corporation has a 52 week low of $23.09 and a 52 week high of $37.42. The stock has a 50 day simple moving average of $35.94 and a two-hundred day simple moving average of $33.46. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.23 and a quick ratio of 1.05.

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

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.19%. UGI's dividend payout ratio is presently 61.73%.

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.