WBI Investments LLC Boosts Stake in UGI Corporation $UGI

Key Points

• WBI Investments LLC increased its stake in UGI Corporation by 80.8% in Q1, owning 80,887 shares valued at approximately $2.7 million.
• UGI recently announced a quarterly dividend of $0.375 per share, reflecting an annualized yield of 4.4% and a payout ratio of 78.95%.
• Following its latest earnings report, UGI reported earnings per share of ($0.01), outperforming expectations and showing a 1.0% increase in quarterly revenue year-over-year.

WBI Investments LLC raised its position in UGI Corporation (NYSE:UGI - Free Report) by 80.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,887 shares of the utilities provider's stock after buying an additional 36,140 shares during the period. WBI Investments LLC's holdings in UGI were worth $2,675,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UGI. Neuberger Berman Group LLC boosted its position in UGI by 91.5% in the 1st quarter. Neuberger Berman Group LLC now owns 2,987,818 shares of the utilities provider's stock valued at $98,807,000 after buying an additional 1,427,553 shares during the last quarter. HG Vora Capital Management LLC acquired a new stake in shares of UGI in the 1st quarter valued at about $33,070,000. Sourcerock Group LLC raised its stake in shares of UGI by 236.8% in the 4th quarter. Sourcerock Group LLC now owns 1,025,000 shares of the utilities provider's stock valued at $28,936,000 after purchasing an additional 720,700 shares in the last quarter. SIR Capital Management L.P. raised its stake in shares of UGI by 1,279.5% in the 4th quarter. SIR Capital Management L.P. now owns 729,800 shares of the utilities provider's stock valued at $20,602,000 after purchasing an additional 676,898 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of UGI in the 1st quarter valued at about $20,988,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Price Performance

UGI opened at $34.33 on Thursday. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06. UGI Corporation has a fifty-two week low of $23.14 and a fifty-two week high of $37.42. The company's 50-day moving average price is $35.40 and its 200 day moving average price is $34.47. 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 released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.11. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. UGI had a net margin of 5.70% and a return on equity of 15.73%. UGI's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, sell-side analysts expect that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The firm 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 dividend of $0.375 per share. The ex-dividend date is Monday, September 15th. This represents a $1.50 annualized dividend and a yield of 4.4%. UGI's dividend payout ratio is 78.95%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UGI. Zacks Research upgraded shares of UGI to a "hold" rating in a research note on Monday, August 11th. Mizuho upped their target price on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen lowered shares of UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $31.33.

About UGI

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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