Allianz Asset Management GmbH Buys 156,658 Shares of UGI Corporation (NYSE:UGI)

Allianz Asset Management GmbH lifted its stake in shares of UGI Corporation (NYSE:UGI - Free Report) by 35.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 596,811 shares of the utilities provider's stock after acquiring an additional 156,658 shares during the period. Allianz Asset Management GmbH owned 0.28% of UGI worth $19,737,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of UGI. Envestnet Portfolio Solutions Inc. lifted its position in shares of UGI by 9.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,556 shares of the utilities provider's stock valued at $411,000 after acquiring an additional 1,204 shares during the period. Corient Private Wealth LLC lifted its position 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 valued at $537,000 after acquiring an additional 1,097 shares during the period. American Century Companies Inc. raised its holdings in UGI by 62.1% during the fourth quarter. American Century Companies Inc. now owns 68,729 shares of the utilities provider's stock worth $1,940,000 after buying an additional 26,317 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in UGI during the fourth quarter worth $2,378,000. Finally, LPL Financial LLC raised its holdings in UGI by 28.2% during the fourth quarter. LPL Financial LLC now owns 398,820 shares of the utilities provider's stock worth $11,259,000 after buying an additional 87,739 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on UGI. Wall Street Zen downgraded shares of UGI from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Mizuho upped their price objective on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th.

UGI Stock Up 0.5%

Shares of UGI stock traded up $0.18 on Friday, hitting $36.02. The stock had a trading volume of 1,560,353 shares, compared to its average volume of 1,541,628. The business has a 50 day moving average of $35.95 and a 200 day moving average of $33.51. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 1.71 and a beta of 1.05. 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 Corporation has a 12-month low of $23.09 and a 12-month high of $37.42.

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

UGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 16th were given 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 yield of 4.16%. UGI's payout ratio is currently 61.73%.

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.