Principal Financial Group Inc. Has $16.35 Million Stock Holdings in UGI Corporation (NYSE:UGI)

Principal Financial Group Inc. grew its position in shares of UGI Corporation (NYSE:UGI) by 0.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 494,327 shares of the utilities provider’s stock after buying an additional 2,163 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of UGI worth $16,347,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of UGI. Altshuler Shaham Ltd bought a new position in UGI in the 4th quarter valued at about $25,000. Bessemer Group Inc. increased its position in 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 period. GeoWealth Management LLC bought a new stake in UGI in the fourth quarter valued at approximately $27,000. Flagship Wealth Advisors LLC bought a new stake in UGI during the fourth quarter valued at $30,000. Finally, CX Institutional bought a new stake in UGI in the first quarter worth approximately $30,000. Institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

UGI has been the subject of several research reports. Wall Street Zen raised shares of UGI from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 14th. Mizuho increased their target price on shares of UGI from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th.

UGI Price Performance

Shares of NYSE UGI opened at $35.57 on Friday. The stock’s 50-day simple moving average is $35.59 and its two-hundred day simple moving average is $32.95. UGI Corporation has a twelve month low of $23.09 and a twelve month high of $36.74. The firm has a market capitalization of $7.63 billion, a P/E ratio of 14.64, a P/E/G ratio of 2.20 and a beta of 1.05. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.31.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm posted $1.97 earnings per share. As a group, equities analysts anticipate that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.22%. The ex-dividend date was Monday, June 16th. UGI’s dividend payout ratio (DPR) is 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.