UGI Corp (NYSE:UGI) Position Raised by Robecosam AG
Robecosam AG grew its stake in shares of UGI Corp (NYSE:UGI) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 220,000 shares of the utilities provider’s stock after purchasing an additional 20,000 shares during the period. Robecosam AG owned approximately 0.13% of UGI worth $11,455,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in UGI. Diamond Hill Capital Management Inc. lifted its holdings in UGI by 14.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,389,565 shares of the utilities provider’s stock worth $106,144,000 after buying an additional 307,086 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in UGI by 17.4% during the 1st quarter. Wells Fargo & Company MN now owns 1,141,496 shares of the utilities provider’s stock worth $50,704,000 after buying an additional 169,320 shares in the last quarter. FTB Advisors Inc. lifted its holdings in UGI by 14.7% during the 1st quarter. FTB Advisors Inc. now owns 61,533 shares of the utilities provider’s stock worth $2,747,000 after buying an additional 7,889 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in UGI by 0.7% during the 1st quarter. Wedge Capital Management L L P NC now owns 1,889,862 shares of the utilities provider’s stock worth $83,948,000 after buying an additional 12,340 shares in the last quarter. Finally, Comerica Bank lifted its holdings in UGI by 5.7% during the 1st quarter. Comerica Bank now owns 261,031 shares of the utilities provider’s stock worth $11,950,000 after buying an additional 14,119 shares in the last quarter. Hedge funds and other institutional investors own 78.67% of the company’s stock.
Several research analysts have issued reports on UGI shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $54.00 price objective on shares of UGI in a report on Friday, August 17th. Bank of America downgraded UGI from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a research note on Tuesday, June 5th. They noted that the move was a valuation call. ValuEngine raised UGI from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Barclays increased their price target on UGI from $47.00 to $50.00 and gave the company an “underweight” rating in a research note on Wednesday, July 11th. Finally, Zacks Investment Research downgraded UGI from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $51.60.
UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). UGI had a net margin of 11.09% and a return on equity of 11.89%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company earned $0.09 EPS. UGI’s quarterly revenue was up 24.9% on a year-over-year basis. equities research analysts expect that UGI Corp will post 2.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Thursday, September 13th. UGI’s dividend payout ratio (DPR) is presently 45.41%.
In other UGI news, insider Joseph L. Hartz sold 18,000 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $55.51, for a total transaction of $999,180.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.36% of the stock is currently owned by corporate insiders.
UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.
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