UGI Corporation $UGI Stake Reduced by Wealthedge Investment Advisors LLC

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 reduced its position in UGI Corporation (NYSE:UGI - Free Report) by 50.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 hedge funds and other institutional investors have also modified their holdings of UGI. Sequoia Financial Advisors LLC acquired a new position in UGI during the 1st quarter worth approximately $338,000. Red Door Wealth Management LLC acquired a new position in UGI during the 1st quarter worth approximately $230,000. Atlas Capital Advisors Inc. lifted its position in UGI by 945.7% during the 1st quarter. Atlas Capital Advisors Inc. now owns 17,171 shares of the utilities provider's stock worth $568,000 after acquiring an additional 15,529 shares in the last quarter. Meritage Portfolio Management acquired a new position in UGI during the 1st quarter worth approximately $5,176,000. Finally, Jump Financial LLC lifted its position in UGI by 190.8% during the 4th quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider's stock worth $964,000 after acquiring an additional 22,411 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Stock Performance

Shares of NYSE UGI traded down $0.08 during trading on Thursday, reaching $34.77. The stock had a trading volume of 300,895 shares, compared to its average volume of 1,950,993. UGI Corporation has a one year low of $23.14 and a one year high of $37.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70. The stock has a market cap of $7.47 billion, a PE ratio of 18.30, a P/E/G ratio of 1.65 and a beta of 1.05. The firm's 50 day moving average price is $35.85 and its two-hundred day moving average price is $34.22.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, beating 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 business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the business earned $0.06 EPS. The business's quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts forecast that UGI Corporation will post 3.02 earnings per share 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, September 15th. UGI's payout ratio is 78.95%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UGI. Wall Street Zen lowered UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Zacks Research raised UGI to a "hold" rating in a research report on Monday, August 11th. Finally, Mizuho boosted their price target on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, UGI currently has an average rating of "Moderate Buy" and a consensus target price of $31.33.

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.