UGI Corporation (NYSE:UGI) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. reduced its position in UGI Corporation (NYSE:UGI - Free Report) by 74.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,305 shares of the utilities provider's stock after selling 9,451 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in UGI were worth $109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UGI. Altshuler Shaham Ltd purchased a new stake in UGI in the 4th quarter worth approximately $25,000. Bessemer Group Inc. grew its stake in shares of UGI by 216.7% during the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after buying an additional 611 shares during the period. GeoWealth Management LLC purchased a new stake in shares of UGI during the 4th quarter valued at $27,000. CX Institutional purchased a new stake in shares of UGI during the 1st quarter valued at $30,000. Finally, Anderson Financial Strategies LLC purchased a new stake in shares of UGI during the 4th quarter valued at $41,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on UGI shares. Wall Street Zen cut shares of UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday. Mizuho lifted their target price on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday, May 15th.

UGI Stock Up 0.9%

Shares of NYSE:UGI traded up $0.32 during midday trading on Friday, hitting $36.34. 1,269,847 shares of the company's stock traded hands, compared to its average volume of 2,054,567. 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 market cap of $7.79 billion, a PE ratio of 14.95, a P/E/G ratio of 2.23 and a beta of 1.05. The firm's fifty day moving average price is $35.79 and its two-hundred day moving average price is $33.26. 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 issued its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. UGI had a net margin of 7.28% and a return on equity of 16.21%. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the business posted $1.97 EPS. The firm's revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.13%. UGI's dividend payout ratio (DPR) 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.