WBI Investments LLC Acquires 36,140 Shares of 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 increased its position in shares of 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. The firm owned 80,887 shares of the utilities provider's stock after purchasing 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.

Several other large investors also recently added to or reduced their stakes in UGI. CX Institutional bought a new position in shares of UGI during the 1st quarter worth approximately $30,000. Private Trust Co. NA boosted its holdings 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 during the last quarter. Quarry LP purchased a new stake in shares of UGI in the 1st quarter valued at $51,000. Quintet Private Bank Europe S.A. boosted its holdings in UGI by 25.3% during the first quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock worth $62,000 after buying an additional 380 shares in the last quarter. Finally, SouthState Corp purchased a new stake in UGI during the first quarter worth $62,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of UGI to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen cut shares of UGI from a "buy" rating to a "hold" rating in a research report on Saturday. 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 has a consensus rating of "Moderate Buy" and a consensus target price of $31.33.

UGI Stock Down 2.4%

UGI stock traded down $0.83 during midday trading on Tuesday, reaching $33.22. The stock had a trading volume of 464,213 shares, compared to its average volume of 1,912,194. UGI Corporation has a 12 month low of $23.14 and a 12 month high of $37.42. The company has a market capitalization of $7.14 billion, a P/E ratio of 17.51, a PEG ratio of 1.66 and a beta of 1.07. The company has a fifty day moving average price of $35.36 and a two-hundred day moving average price of $34.51. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16.

UGI (NYSE:UGI - Get Free Report) last issued 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. UGI had a return on equity of 15.73% and a net margin of 5.70%.The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company posted $0.06 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities analysts expect that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.5%. UGI's dividend payout ratio is presently 78.95%.

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.