UGI Corporation (NYSE:UGI) Stake Raised by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC raised its stake in UGI Corporation by 22.5% during the first quarter, bringing its total holdings to 61,024 shares valued at approximately $2,018,000.
• UGI Corporation reported a quarterly earnings per share (EPS) of ($0.01), beating consensus estimates, while its revenue was $1.39 billion, lower than expected but up 1.0% year-over-year.
• The company declared a quarterly dividend of $0.375, which will be paid on October 1st, resulting in an annualized dividend yield of 4.3%.

Natixis Advisors LLC boosted its position in UGI Corporation (NYSE:UGI - Free Report) by 22.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,024 shares of the utilities provider's stock after buying an additional 11,194 shares during the period. Natixis Advisors LLC's holdings in UGI were worth $2,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UGI. Private Trust Co. NA increased its stake in shares of UGI by 36.1% during the 1st quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock valued at $46,000 after acquiring an additional 370 shares during the last quarter. Quintet Private Bank Europe S.A. increased its stake in shares of UGI by 25.3% during the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock valued at $62,000 after acquiring an additional 380 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in UGI by 5.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 8,908 shares of the utilities provider's stock worth $295,000 after purchasing an additional 422 shares in the last quarter. State of Wyoming increased its position in UGI by 4.6% during the 4th quarter. State of Wyoming now owns 10,005 shares of the utilities provider's stock worth $282,000 after purchasing an additional 444 shares in the last quarter. Finally, Invst LLC increased its position in UGI by 1.7% during the 4th quarter. Invst LLC now owns 27,944 shares of the utilities provider's stock worth $789,000 after purchasing an additional 474 shares in the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Stock Performance

UGI stock traded up $0.10 during mid-day trading on Tuesday, reaching $35.24. The company's stock had a trading volume of 1,092,436 shares, compared to its average volume of 1,967,161. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.67 and a beta of 1.05. The business has a 50 day moving average price of $35.93 and a 200-day moving average price of $34.04. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16. UGI Corporation has a twelve month low of $23.14 and a twelve month high of $37.42.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.11. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.77 billion. UGI had a net margin of 5.70% and a return on equity of 15.73%. The firm's revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. Sell-side analysts predict 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 will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, September 15th. UGI's dividend payout ratio (DPR) is presently 78.95%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Mizuho increased their target price on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen cut UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th.

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.