CX Institutional Acquires New Stake in UGI Corporation (NYSE:UGI)

CX Institutional bought a new stake in UGI Corporation (NYSE:UGI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 911 shares of the utilities provider’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of UGI by 22.4% during the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider’s stock worth $325,469,000 after buying an additional 2,110,337 shares in the last quarter. Snyder Capital Management L P grew its stake in UGI by 1.6% in the 4th quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider’s stock worth $144,727,000 after acquiring an additional 78,327 shares during the period. Geode Capital Management LLC raised its holdings in UGI by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider’s stock valued at $157,200,000 after acquiring an additional 296,028 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of UGI by 25.5% during the 4th quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider’s stock worth $140,098,000 after purchasing an additional 1,007,156 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of UGI by 21.3% during the fourth quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider’s stock worth $112,988,000 after purchasing an additional 703,491 shares during the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UGI has been the subject of several analyst reports. Mizuho upped their target price on UGI from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. Wall Street Zen upgraded shares of UGI from a “buy” rating to a “strong-buy” rating in a report on Saturday.

UGI Trading Up 0.9%

UGI stock opened at $36.21 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.31. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 2.21 and a beta of 1.06. The business has a fifty day simple moving average of $34.41 and a 200-day simple moving average of $32.02. UGI Corporation has a 52 week low of $22.01 and a 52 week high of $36.62.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS 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 return on equity of 16.21% and a net margin of 7.28%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.97 earnings per share. On average, equities research analysts expect that UGI Corporation will post 3.02 EPS for the current year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.14%. UGI’s dividend payout ratio (DPR) is 61.73%.

UGI Company 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.