UGI Corporation (NYSE:UGI) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in shares of UGI Corporation (NYSE:UGI - Free Report) by 62.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,175 shares of the utilities provider's stock after selling 18,814 shares during the period. Y Intercept Hong Kong Ltd's holdings in UGI were worth $370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bessemer Group Inc. increased its position in shares of UGI by 216.7% during the fourth 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. Altshuler Shaham Ltd purchased a new position in UGI during the fourth quarter valued at $25,000. GeoWealth Management LLC purchased a new position in shares of UGI in the 4th quarter worth $27,000. CX Institutional purchased a new position in shares of UGI in the 1st quarter worth $30,000. Finally, Anderson Financial Strategies LLC purchased a new position in shares of UGI during the 4th quarter worth about $41,000. 82.34% of the stock is owned by institutional investors.

UGI Stock Performance

Shares of UGI traded down $0.09 during trading hours on Friday, hitting $36.09. The stock had a trading volume of 1,185,130 shares, compared to its average volume of 1,961,353. 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 firm has a 50-day moving average price of $35.96 and a 200 day moving average price of $33.71. UGI Corporation has a fifty-two week low of $23.09 and a fifty-two week high of $37.42. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.70 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. The company had revenue of $2.67 billion during the quarter, compared to analysts' expectations 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 period in the prior year, the business posted $1.97 earnings per share. As a group, research analysts anticipate that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 16th were issued 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 4.2%. UGI's dividend payout ratio is currently 61.73%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wall Street Zen lowered shares of UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Mizuho boosted 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.

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.