Victory Capital Management Inc. Buys 8,155 Shares of UGI Corporation (NYSE:UGI)

Victory Capital Management Inc. raised its position in UGI Corporation (NYSE:UGI - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,455,453 shares of the utilities provider's stock after buying an additional 8,155 shares during the quarter. Victory Capital Management Inc. owned about 0.68% of UGI worth $48,132,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of UGI during the 4th quarter valued at approximately $103,115,000. FMR LLC grew its holdings in shares of UGI by 22.4% during the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after purchasing an additional 2,110,337 shares during the last quarter. Corvex Management LP bought a new stake in shares of UGI during the 4th quarter valued at approximately $55,354,000. Pictet Asset Management Holding SA grew its holdings in shares of UGI by 5,776.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider's stock valued at $49,104,000 after purchasing an additional 1,709,820 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in UGI by 5,215.3% during the 4th quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider's stock worth $44,046,000 after buying an additional 1,530,911 shares during the period. 82.34% of the stock is owned by institutional investors.

UGI Price Performance

Shares of UGI stock traded up $0.32 on Friday, reaching $36.34. The stock had a trading volume of 1,269,847 shares, compared to its average volume of 2,054,567. UGI Corporation has a 1 year low of $23.09 and a 1 year high of $36.74. The company has a market cap of $7.79 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. The business's 50 day moving average is $35.79 and its two-hundred day moving average is $33.26.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping the consensus estimate of $1.80 by $0.41. UGI had a net margin of 7.28% and a return on equity of 16.21%. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the firm posted $1.97 earnings per share. The business's revenue was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that UGI Corporation will post 3.02 EPS for the current year.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Monday, June 16th. UGI's dividend payout ratio is currently 61.73%.

Wall Street Analysts Forecast Growth

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

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.