UGI Corporation (NYSE:UGI) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in UGI Corporation by 37.4%, holding 230,790 shares valued at $7.63 million after selling 137,899 shares in the first quarter.
• Several hedge funds, including Bessemer Group Inc. and Altshuler Shaham Ltd, have recently increased or purchased new stakes in UGI, with institutional investors now owning 82.34% of the stock.
• UGI posted an earnings per share of $2.21 for the most recent quarterly report, exceeding analysts' estimates, despite generating $2.67 billion in revenue, which was below expectations.

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in shares of UGI Corporation (NYSE:UGI - Free Report) by 37.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 230,790 shares of the utilities provider's stock after selling 137,899 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of UGI worth $7,632,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. raised its stake in UGI by 216.7% in the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 611 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in UGI in the 4th quarter valued at about $25,000. CX Institutional acquired a new position in UGI in the 1st quarter valued at about $30,000. GeoWealth Management LLC acquired a new position in UGI in the 4th quarter valued at about $27,000. Finally, Private Trust Co. NA raised its stake in 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 purchasing an additional 370 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Stock Down 0.8%

NYSE UGI traded down $0.28 on Tuesday, reaching $35.39. The company had a trading volume of 530,146 shares, compared to its average volume of 1,967,806. The firm has a market capitalization of $7.59 billion, a PE ratio of 14.56, a P/E/G ratio of 1.72 and a beta of 1.05. UGI Corporation has a 1 year low of $23.09 and a 1 year high of $37.42. The firm has a 50-day moving average of $35.95 and a 200-day moving average of $33.63. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.23 and a quick ratio of 1.05.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results 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. UGI had a return on equity of 16.21% and a net margin of 7.28%. The firm had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter in the prior year, the business earned $1.97 EPS. UGI's quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.24%. The ex-dividend date was Monday, June 16th. UGI's dividend payout ratio is presently 61.73%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Mizuho boosted their target price on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Wall Street Zen cut UGI from a "strong-buy" rating to a "buy" rating in a report 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.