UGI Corporation (NYSE:UGI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in UGI Corporation (NYSE:UGI - Free Report) by 10.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,608 shares of the utilities provider's stock after selling 8,654 shares during the period. Nisa Investment Advisors LLC's holdings in UGI were worth $2,428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UGI. Linden Thomas Advisory Services LLC boosted its stake in UGI by 5.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 8,908 shares of the utilities provider's stock valued at $295,000 after acquiring an additional 422 shares in the last quarter. Greenleaf Trust purchased a new stake in shares of UGI during the 1st quarter valued at $220,000. Hourglass Capital LLC boosted its position in shares of UGI by 8.0% in the 1st quarter. Hourglass Capital LLC now owns 89,110 shares of the utilities provider's stock worth $2,947,000 after purchasing an additional 6,590 shares in the last quarter. Fullcircle Wealth LLC acquired a new stake in shares of UGI in the 1st quarter worth $317,000. Finally, Envestnet Asset Management Inc. grew its stake in UGI by 73.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 139,604 shares of the utilities provider's stock worth $4,617,000 after buying an additional 58,971 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on UGI shares. Wall Street Zen upgraded UGI from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Mizuho increased their price objective on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th.

UGI Stock Performance

Shares of NYSE UGI traded up $0.71 during mid-day trading on Monday, hitting $36.29. The stock had a trading volume of 1,414,445 shares, compared to its average volume of 2,016,022. The firm has a market cap of $7.78 billion, a PE ratio of 14.93, a PEG ratio of 2.19 and a beta of 1.05. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.23. The company has a 50 day moving average of $35.59 and a two-hundred day moving average of $33.02. UGI Corporation has a twelve month low of $23.09 and a twelve month high of $36.74.

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, beating 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 business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the business earned $1.97 EPS. The company's quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts predict that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Monday, June 16th. UGI's dividend payout ratio is presently 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.