Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in UGI Corporation (NYSE:UGI)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 41.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,720 shares of the utilities provider's stock after purchasing an additional 25,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in UGI were worth $2,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in shares of UGI by 216.7% in the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 611 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of UGI during the 4th quarter valued at about $25,000. CX Institutional bought a new position in shares of UGI during the first quarter valued at approximately $30,000. GeoWealth Management LLC acquired a new stake in UGI in the fourth quarter worth $27,000. Finally, Private Trust Co. NA increased 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 worth $46,000 after acquiring an additional 370 shares during the period. Hedge funds and other institutional investors own 82.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen cut UGI from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Mizuho upped 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.

UGI Stock Performance

UGI opened at $36.09 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.23. The company has a market cap of $7.74 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05. The stock has a 50-day moving average of $35.96 and a 200-day moving average of $33.76. UGI Corporation has a 52-week low of $23.09 and a 52-week high of $37.42.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.41. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. UGI had a return on equity of 16.21% and a net margin of 7.28%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $1.97 earnings per share. As a group, equities 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 announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 16th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, June 16th. UGI's dividend payout ratio is presently 61.73%.

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.

Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Corporation (NYSE:UGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.