Cetera Investment Advisers Increases Stock Holdings in UGI Corporation (NYSE:UGI)

Cetera Investment Advisers increased its holdings in UGI Corporation (NYSE:UGI) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,079 shares of the utilities provider’s stock after acquiring an additional 872 shares during the quarter. Cetera Investment Advisers’ holdings in UGI were worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its stake in UGI by 36.1% in the first 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. Quintet Private Bank Europe S.A. raised its holdings in UGI by 25.3% in the first quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 380 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in UGI by 5.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 8,908 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 422 shares in the last quarter. State of Wyoming raised its holdings in UGI by 4.6% in the fourth quarter. State of Wyoming now owns 10,005 shares of the utilities provider’s stock worth $282,000 after purchasing an additional 444 shares in the last quarter. Finally, Invst LLC raised its holdings in UGI by 1.7% in the fourth quarter. Invst LLC now owns 27,944 shares of the utilities provider’s stock worth $789,000 after purchasing an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Price Performance

Shares of NYSE:UGI opened at $35.92 on Thursday. UGI Corporation has a 1-year low of $23.14 and a 1-year high of $37.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56. The business has a fifty day moving average price of $35.92 and a 200-day moving average price of $34.07. The company has a market capitalization of $7.72 billion, a PE ratio of 18.91, a PEG ratio of 1.68 and a beta of 1.05.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.11. UGI had a return on equity of 15.73% and a net margin of 5.70%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the company earned $0.06 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. As a group, equities analysts expect that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.2%. UGI’s dividend payout ratio (DPR) is presently 78.95%.

Analyst Upgrades and Downgrades

UGI has been the subject of a number of research reports. Wall Street Zen downgraded UGI from a “strong-buy” rating to a “buy” rating in a report on Friday, July 18th. Mizuho increased their price objective on UGI from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th.

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.