Wells Fargo & Company MN decreased its position in UGI Corp (NYSE:UGI) by 48.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 505,133 shares of the utilities provider’s stock after selling 478,025 shares during the period. Wells Fargo & Company MN owned 0.29% of UGI worth $26,978,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Stone Ridge Asset Management LLC raised its holdings in shares of UGI by 8.1% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 22,737 shares of the utilities provider’s stock worth $1,214,000 after buying an additional 1,700 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of UGI by 25.7% during the second quarter. CIBC Asset Management Inc now owns 10,648 shares of the utilities provider’s stock worth $569,000 after buying an additional 2,176 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of UGI by 1.0% during the second quarter. Eagle Asset Management Inc. now owns 49,043 shares of the utilities provider’s stock worth $2,619,000 after buying an additional 508 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of UGI by 3.6% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 12,842 shares of the utilities provider’s stock worth $686,000 after buying an additional 443 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in shares of UGI during the second quarter worth about $1,283,000. Institutional investors and hedge funds own 79.60% of the company’s stock.
A number of research analysts have weighed in on the stock. ValuEngine cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Barclays reaffirmed a “sell” rating and set a $52.00 price target on shares of UGI in a research report on Thursday, July 18th. TheStreet cut shares of UGI from a “b” rating to a “c+” rating in a research report on Tuesday, August 6th. Finally, UBS Group set a $63.00 price target on shares of UGI and gave the company a “buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $58.25.
UGI stock traded up $0.47 during trading on Thursday, hitting $48.49. 13,722 shares of the company’s stock traded hands, compared to its average volume of 2,652,644. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 1.03. UGI Corp has a 52 week low of $45.94 and a 52 week high of $59.31. The stock has a fifty day moving average price of $49.20 and a two-hundred day moving average price of $52.55. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 2.51 and a beta of 0.57.
UGI (NYSE:UGI) last released its earnings results on Monday, August 5th. The utilities provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07). UGI had a net margin of 4.46% and a return on equity of 10.56%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.43 billion. As a group, equities research analysts expect that UGI Corp will post 2.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 9th will be issued a dividend of $0.325 per share. This is an increase from UGI’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, August 8th. This represents a $1.30 annualized dividend and a dividend yield of 2.68%. UGI’s payout ratio is 47.45%.
UGI Company Profile
UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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