Cullen Frost Bankers Inc. Acquires Shares of 2,373 UGI Corporation $UGI

Cullen Frost Bankers Inc. acquired a new stake in UGI Corporation (NYSE:UGI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,373 shares of the utilities provider’s stock, valued at approximately $86,000.

Several other large investors also recently added to or reduced their stakes in the stock. Foster & Motley Inc. boosted its position in UGI by 12.9% in the 2nd quarter. Foster & Motley Inc. now owns 131,116 shares of the utilities provider’s stock valued at $4,775,000 after buying an additional 14,978 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in UGI by 6.8% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 7,414 shares of the utilities provider’s stock valued at $270,000 after buying an additional 472 shares during the period. ST Germain D J Co. Inc. purchased a new stake in UGI in the 2nd quarter valued at about $131,000. AdvisorNet Financial Inc boosted its position in UGI by 2,246.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,215 shares of the utilities provider’s stock valued at $117,000 after buying an additional 3,078 shares during the period. Finally, Wesbanco Bank Inc. lifted its position in shares of UGI by 58.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 10,789 shares of the utilities provider’s stock worth $393,000 after purchasing an additional 4,000 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UGI has been the subject of several research reports. Zacks Research raised shares of UGI to a “hold” rating in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UGI in a research report on Friday. Finally, Wall Street Zen raised shares of UGI from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.50.

UGI Trading Up 1.2%

NYSE:UGI opened at $33.72 on Friday. UGI Corporation has a 52 week low of $23.14 and a 52 week high of $37.42. The firm has a 50 day moving average of $33.52 and a 200 day moving average of $34.52. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 17.75 and a beta of 1.06.

UGI (NYSE:UGI) last posted its earnings results on Wednesday, August 30th. The utilities provider reported $0.06 EPS for the quarter. UGI had a net margin of 5.70% and a return on equity of 15.73%. The company had revenue of $2.03 billion during the quarter. As a group, sell-side analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.4%. UGI’s dividend payout ratio (DPR) is currently 78.95%.

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.