Riverhead Capital Management LLC cut its position in shares of UGI Corp (NYSE:UGI) by 39.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,701 shares of the utilities provider’s stock after selling 11,548 shares during the quarter. Riverhead Capital Management LLC’s holdings in UGI were worth $945,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of UGI by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,278,576 shares of the utilities provider’s stock worth $121,505,000 after purchasing an additional 41,440 shares during the period. California Public Employees Retirement System raised its stake in UGI by 16.0% during the first quarter. California Public Employees Retirement System now owns 1,043,969 shares of the utilities provider’s stock worth $57,857,000 after acquiring an additional 144,044 shares during the period. Stephens Inc. AR raised its stake in UGI by 21.7% during the first quarter. Stephens Inc. AR now owns 4,612 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 821 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in UGI by 4.1% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 17,446 shares of the utilities provider’s stock worth $967,000 after acquiring an additional 692 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in UGI by 33.7% in the first quarter. Toronto Dominion Bank now owns 31,302 shares of the utilities provider’s stock worth $1,734,000 after acquiring an additional 7,887 shares during the last quarter. Hedge funds and other institutional investors own 84.80% of the company’s stock.
Several equities analysts have recently commented on the company. ValuEngine lowered UGI from a “buy” rating to a “hold” rating in a report on Friday, June 21st. Barclays restated a “sell” rating and set a $52.00 price objective on shares of UGI in a research report on Thursday, July 18th. UBS Group set a $63.00 price objective on UGI and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, TheStreet downgraded UGI from a “b” rating to a “c+” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $58.25.
Shares of UGI stock traded up $0.51 during trading hours on Wednesday, reaching $49.21. The stock had a trading volume of 30,014 shares, compared to its average volume of 2,792,276. The firm has a market capitalization of $8.43 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 2.52 and a beta of 0.57. The firm has a 50-day simple moving average of $48.87 and a 200-day simple moving average of $52.39. UGI Corp has a twelve month low of $45.94 and a twelve month high of $59.31. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 0.94.
UGI (NYSE:UGI) last posted its earnings results on Monday, August 5th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). UGI had a net margin of 4.46% and a return on equity of 10.56%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.43 billion. On average, equities analysts anticipate that UGI Corp will post 2.4 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 9th will be given a dividend of $0.325 per share. The ex-dividend date of this dividend is Thursday, August 8th. This is an increase from UGI’s previous quarterly dividend of $0.30. This represents a $1.30 annualized dividend and a dividend yield of 2.64%. UGI’s payout ratio is currently 47.45%.
UGI Company Profile
UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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