Victory Capital Management Inc. Acquires 6,392 Shares of UGI Co. (NYSE:UGI)

Victory Capital Management Inc. lifted its holdings in shares of UGI Co. (NYSE:UGI) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 977,979 shares of the utilities provider’s stock after acquiring an additional 6,392 shares during the period. Victory Capital Management Inc.’s holdings in UGI were worth $24,058,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp raised its position in UGI by 503.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,904,763 shares of the utilities provider’s stock worth $66,810,000 after purchasing an additional 2,423,713 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of UGI by 67.0% in the 3rd quarter. Federated Hermes Inc. now owns 2,372,182 shares of the utilities provider’s stock worth $54,560,000 after buying an additional 951,405 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of UGI by 309.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,175,347 shares of the utilities provider’s stock worth $27,033,000 after buying an additional 888,072 shares during the period. Vanguard Group Inc. boosted its stake in UGI by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock valued at $604,255,000 after buying an additional 781,929 shares in the last quarter. Finally, Covalis Capital LLP bought a new stake in UGI in the third quarter valued at $16,279,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Price Performance

Shares of UGI stock opened at $24.78 on Thursday. UGI Co. has a 52 week low of $20.19 and a 52 week high of $30.10. The stock has a market capitalization of $5.19 billion, a PE ratio of -60.43 and a beta of 1.13. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.21. The stock’s fifty day moving average is $24.66 and its 200-day moving average is $23.56.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.32. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The company’s revenue was down 20.6% on a year-over-year basis. Equities research analysts expect that UGI Co. will post 2.91 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date of this dividend is Friday, June 14th. UGI’s dividend payout ratio is currently -365.85%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com raised UGI from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Wells Fargo & Company cut their price target on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. Mizuho upped their price objective on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st.

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.