RPG Investment Advisory LLC Has $19.23 Million Stock Holdings in UGI Corporation $UGI

Key Points

• RPG Investment Advisory LLC increased its stake in UGI Corporation by 103.0%, acquiring an additional 295,050 shares to own a total of 581,432 shares worth approximately $19.2 million.
• UGI Corporation reported earnings per share of ($0.01), surpassing analysts' expectations, and generated revenue of $1.39 billion for the quarter, which was a 1.0% increase compared to the same period last year.
• The company announced a quarterly dividend of $0.375 per share, with a dividend yield of 4.3%, set to be paid on October 1st.

RPG Investment Advisory LLC boosted its stake in shares of UGI Corporation (NYSE:UGI - Free Report) by 103.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 581,432 shares of the utilities provider's stock after purchasing an additional 295,050 shares during the quarter. RPG Investment Advisory LLC owned 0.27% of UGI worth $19,228,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of UGI. Snyder Capital Management L P boosted its position in UGI by 1.6% in the fourth quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock valued at $144,727,000 after buying an additional 78,327 shares in the last quarter. Northern Trust Corp raised its position in shares of UGI by 2.9% in the 1st quarter. Northern Trust Corp now owns 4,120,082 shares of the utilities provider's stock valued at $136,251,000 after acquiring an additional 117,663 shares during the period. LSV Asset Management raised its position in shares of UGI by 6.6% in the 1st quarter. LSV Asset Management now owns 4,037,604 shares of the utilities provider's stock valued at $133,524,000 after acquiring an additional 251,311 shares during the period. Neuberger Berman Group LLC increased its stake in UGI by 91.5% during the 1st quarter. Neuberger Berman Group LLC now owns 2,987,818 shares of the utilities provider's stock worth $98,807,000 after purchasing an additional 1,427,553 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in UGI by 11.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,644,716 shares of the utilities provider's stock worth $87,472,000 after purchasing an additional 278,616 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Trading Down 0.5%

Shares of NYSE:UGI traded down $0.1850 during midday trading on Monday, hitting $35.1350. 750,023 shares of the stock were exchanged, compared to its average volume of 1,956,245. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 18.49, a P/E/G 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. The business's 50-day moving average price is $35.78 and its 200 day moving average price is $34.33. UGI Corporation has a 12 month low of $23.14 and a 12 month high of $37.42.

UGI (NYSE:UGI - Get Free Report) last posted 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. UGI had a return on equity of 15.73% and a net margin of 5.70%.The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share. Analysts predict that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, September 15th. UGI's payout ratio is currently 78.95%.

Analyst Ratings Changes

Several equities analysts recently weighed in on UGI shares. Zacks Research raised shares of UGI to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen downgraded UGI from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Finally, Mizuho raised their price target on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.33.

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.