UGI Corporation $UGI Shares Bought by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management increased its UGI stake by 11.6% in the second quarter, acquiring 69,054 shares and bringing its holdings to 662,274 shares valued at approximately $22.9 million. Institutional investors collectively own 82.34% of UGI.
• UGI reported quarterly revenue of $1.33 billion and an EPS loss of $0.20, missing analyst expectations for $1.50 billion in revenue and a $0.08 loss. Analysts project full-year EPS of $2.82, while the stock has a consensus “Hold” rating and a $42 average price target.
• UGI declared a quarterly dividend of $0.375 per share, or $1.50 annually, representing a 4.0% yield and a 50.17% payout ratio.

Allianz Asset Management GmbH lifted its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 662,274 shares of the utilities provider's stock after acquiring an additional 69,054 shares during the quarter. Allianz Asset Management GmbH owned 0.31% of UGI worth $22,875,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of UGI by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,715 shares of the utilities provider's stock worth $2,603,000 after purchasing an additional 6,649 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of UGI by 14.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider's stock worth $30,781,000 after acquiring an additional 116,372 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of UGI by 17.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 785,327 shares of the utilities provider's stock valued at $25,971,000 after acquiring an additional 115,409 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of UGI by 92.6% in the 1st quarter. Focus Partners Wealth now owns 22,584 shares of the utilities provider's stock valued at $747,000 after acquiring an additional 10,861 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of UGI by 15.6% during the 2nd quarter. Baird Financial Group Inc. now owns 28,359 shares of the utilities provider's stock valued at $1,033,000 after acquiring an additional 3,825 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Stock Up 0.1%

UGI stock opened at $37.97 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. UGI Corporation has a fifty-two week low of $31.62 and a fifty-two week high of $41.34. The firm's 50-day simple moving average is $36.51 and its 200 day simple moving average is $36.10. The stock has a market cap of $8.14 billion, a PE ratio of 12.70 and a beta of 0.94.

UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.12). UGI had a net margin of 9.20% and a return on equity of 12.80%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.50 billion. As a group, sell-side analysts predict that UGI Corporation will post 2.82 EPS for the current year.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.0%. UGI's payout ratio is currently 50.17%.

Analyst Ratings Changes

Several brokerages recently issued reports on UGI. Wells Fargo & Company reduced their price objective on UGI from $45.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. Wall Street Zen raised shares of UGI from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Zacks Research downgraded shares of UGI from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. Finally, Weiss Ratings lowered shares of UGI from a "buy (b)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $42.00.

Insider Transactions at UGI

In other news, insider Kathleen Shea-Ballay sold 25,360 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $33.62, for a total value of $852,603.20. Following the completion of the transaction, the insider owned 25,360 shares of the company's stock, valued at approximately $852,603.20. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.57% of the stock is owned by company insiders.

About UGI

UGI Corporation NYSE: UGI is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company's operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI's largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.

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