Wealthedge Investment Advisors LLC Decreases Stock Position in UGI Corporation (NYSE:UGI)

Key Points

• Wealthedge Investment Advisors LLC decreased its stake in UGI Corporation by 50.3%, owning 8,576 shares worth $284,000 after selling 8,691 shares in the first quarter.
• UGI announced a quarterly dividend of $0.375 per share, reflecting an annualized dividend yield of 4.3%.
• The company's latest earnings report showed an actual EPS of ($0.01), surpassing analyst expectations, but revenue fell short at $1.39 billion compared to projections of $1.77 billion.

Wealthedge Investment Advisors LLC lessened its stake in UGI Corporation (NYSE:UGI - Free Report) by 50.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,576 shares of the utilities provider's stock after selling 8,691 shares during the period. Wealthedge Investment Advisors LLC's holdings in UGI were worth $284,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Snyder Capital Management L P raised its position in UGI by 1.6% during the 4th quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock valued at $144,727,000 after purchasing an additional 78,327 shares during the last quarter. LSV Asset Management increased its stake in shares of UGI by 6.6% during the first quarter. LSV Asset Management now owns 4,037,604 shares of the utilities provider's stock valued at $133,524,000 after buying an additional 251,311 shares during the period. Northern Trust Corp increased its stake in shares of UGI by 21.3% during the fourth quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider's stock valued at $112,988,000 after buying an additional 703,491 shares during the period. Neuberger Berman Group LLC lifted its stake in UGI by 91.5% in the first quarter. Neuberger Berman Group LLC now owns 2,987,818 shares of the utilities provider's stock worth $98,807,000 after acquiring an additional 1,427,553 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in UGI by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 2,592,251 shares of the utilities provider's stock valued at $85,726,000 after acquiring an additional 56,777 shares in the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Price Performance

Shares of NYSE UGI opened at $35.21 on Friday. The company has a 50 day simple moving average of $35.92 and a two-hundred day simple moving average of $34.13. UGI Corporation has a fifty-two week low of $23.14 and a fifty-two week high of $37.42. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 1.70 and a beta of 1.05. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70.

UGI (NYSE:UGI - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the prior year, the firm posted $0.06 earnings per share. The company's quarterly revenue was up 1.0% on a year-over-year basis. Analysts expect that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 4.3%. UGI's dividend payout ratio is currently 78.95%.

Analyst Ratings Changes

UGI has been the subject of several research reports. Mizuho upped their price objective on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Wall Street Zen downgraded shares of UGI from a "strong-buy" rating to a "buy" rating in a research note 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.

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