XTX Topco Ltd Sells 21,507 Shares of UGI Corporation (NYSE:UGI)

XTX Topco Ltd decreased its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 48.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,628 shares of the utilities provider's stock after selling 21,507 shares during the period. XTX Topco Ltd's holdings in UGI were worth $748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in UGI by 216.7% during the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after purchasing an additional 611 shares during the period. Altshuler Shaham Ltd bought a new position in UGI during the fourth quarter worth about $25,000. CX Institutional bought a new position in UGI during the first quarter worth about $30,000. GeoWealth Management LLC bought a new position in UGI during the fourth quarter worth about $27,000. Finally, Private Trust Co. NA lifted its stake in UGI by 36.1% during the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock worth $46,000 after purchasing an additional 370 shares during the period. Institutional investors own 82.34% of the company's stock.

UGI Stock Performance

NYSE UGI opened at $36.88 on Tuesday. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.72 and a beta of 1.05. The company has a 50 day moving average of $35.97 and a 200-day moving average of $33.86. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. UGI Corporation has a 1-year low of $23.09 and a 1-year high of $37.42.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.41. The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $3.26 billion. UGI had a net margin of 7.28% and a return on equity of 16.21%. The company's revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $1.97 earnings per share. On average, equities analysts forecast that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 16th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.1%. UGI's dividend payout ratio (DPR) is currently 61.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Mizuho raised their price target on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen lowered shares of UGI from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th.

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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