UGI Corporation $UGI Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company has reduced its stake in UGI Corporation by 3.8%, now holding approximately 531,445 shares valued at about $17.57 million.
• UGI reported a quarterly earnings per share (EPS) of ($0.01), exceeding the expected EPS of ($0.12), and recorded revenue of $1.39 billion for the quarter.
• UGI has announced a quarterly dividend of $0.375, representing an annualized dividend of $1.50, yielding 4.4% with a payout ratio of 78.95%.

The Manufacturers Life Insurance Company cut its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 531,445 shares of the utilities provider's stock after selling 21,061 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.25% of UGI worth $17,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealthspire Advisors LLC lifted its position in shares of UGI by 1.9% in the 1st quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider's stock valued at $581,000 after acquiring an additional 323 shares in the last quarter. Private Trust Co. NA lifted its position in shares of UGI by 36.1% in 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 in the last quarter. Quintet Private Bank Europe S.A. lifted its position in shares of UGI by 25.3% in 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 in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of UGI by 5.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 8,908 shares of the utilities provider's stock valued at $295,000 after acquiring an additional 422 shares in the last quarter. Finally, State of Wyoming lifted its position in shares of UGI by 4.6% in the 4th quarter. State of Wyoming now owns 10,005 shares of the utilities provider's stock valued at $282,000 after acquiring an additional 444 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Stock Performance

Shares of UGI opened at $34.24 on Wednesday. The company's fifty day moving average is $35.58 and its 200-day moving average is $34.42. UGI Corporation has a 12 month low of $23.14 and a 12 month high of $37.42. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 1.16.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.11. UGI had a net margin of 5.70% and a return on equity of 15.73%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business posted $0.06 EPS. UGI's quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts expect that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.4%. UGI's dividend payout ratio (DPR) is presently 78.95%.

Analyst Ratings Changes

Several brokerages recently commented on UGI. Zacks Research upgraded shares of UGI to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen downgraded shares of UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Mizuho upped their price target on shares of UGI from $38.00 to $39.00 and gave the company 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 issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $31.33.

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.

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