AdvisorNet Financial Inc Increases Stock Holdings in UGI Corporation $UGI

AdvisorNet Financial Inc boosted its position in shares of UGI Corporation (NYSE:UGI) by 2,246.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,215 shares of the utilities provider’s stock after acquiring an additional 3,078 shares during the quarter. AdvisorNet Financial Inc’s holdings in UGI were worth $117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UGI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in UGI by 18.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 669,918 shares of the utilities provider’s stock valued at $18,912,000 after purchasing an additional 103,124 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in UGI in the 4th quarter valued at about $10,408,000. Wealth Enhancement Advisory Services LLC raised its position in UGI by 28.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 34,532 shares of the utilities provider’s stock valued at $975,000 after purchasing an additional 7,643 shares in the last quarter. GAMMA Investing LLC raised its position in UGI by 3,449.2% in the 1st quarter. GAMMA Investing LLC now owns 277,722 shares of the utilities provider’s stock valued at $8,398,000 after purchasing an additional 269,897 shares in the last quarter. Finally, Partnership Wealth Management LLC acquired a new stake in UGI in the 1st quarter valued at about $223,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Price Performance

Shares of NYSE UGI opened at $32.64 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70. UGI Corporation has a fifty-two week low of $23.14 and a fifty-two week high of $37.42. The firm has a market capitalization of $7.02 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. The stock’s 50-day simple moving average is $34.90 and its 200-day simple moving average is $34.48.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, topping 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 business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the company earned $0.06 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts forecast that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, September 15th. UGI’s dividend payout ratio (DPR) is 78.95%.

Wall Street Analyst Weigh In

UGI has been the topic of a number of analyst reports. Zacks Research raised UGI to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen raised UGI from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.33.

UGI 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.