UGI Corporation (NYSE:UGI) Shares Purchased 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 lifted its stake in shares of UGI Corporation (NYSE:UGI - Free Report) by 22.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,024 shares of the utilities provider's stock after acquiring an additional 11,194 shares during the quarter. Natixis Advisors LLC's holdings in UGI were worth $2,018,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in UGI. FMR LLC lifted its stake in shares of UGI by 22.4% in the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after purchasing an additional 2,110,337 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of UGI by 14.8% in the 4th quarter. Cerity Partners LLC now owns 61,471 shares of the utilities provider's stock valued at $1,687,000 after purchasing an additional 7,933 shares during the last quarter. Bank of Nova Scotia bought a new stake in shares of UGI in the 4th quarter valued at approximately $5,155,000. Renaissance Technologies LLC lifted its stake in shares of UGI by 34.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,216,583 shares of the utilities provider's stock valued at $34,344,000 after purchasing an additional 313,000 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of UGI during the fourth quarter valued at approximately $6,820,000. 82.34% of the stock is currently owned by institutional investors.

UGI Trading Up 1.5%

Shares of NYSE UGI traded up $0.52 during midday trading on Wednesday, reaching $35.76. 256,299 shares of the stock were exchanged, compared to its average volume of 1,955,836. The company has a 50 day simple moving average of $35.91 and a 200 day simple moving average of $34.05. The stock has a market capitalization of $7.69 billion, a P/E ratio of 18.81, a PEG ratio of 1.68 and a beta of 1.05. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70. 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 issued its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.11. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. As a group, equities analysts expect that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a $0.375 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.2%. UGI's dividend payout ratio is currently 78.95%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Mizuho lifted their price target on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen cut shares of UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th.

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.