UGI Corporation $UGI Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors boosted its stake in UGI Corporation (NYSE:UGI) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,191,444 shares of the utilities provider’s stock after acquiring an additional 327,511 shares during the period. Captrust Financial Advisors owned 1.49% of UGI worth $119,456,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in UGI. Goldman Sachs Group Inc. raised its holdings in UGI by 14.3% in the first quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider’s stock valued at $30,781,000 after acquiring an additional 116,372 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in UGI by 17.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 785,327 shares of the utilities provider’s stock valued at $25,971,000 after acquiring an additional 115,409 shares in the last quarter. Entropy Technologies LP acquired a new stake in UGI in the fourth quarter valued at $2,708,000. Tudor Investment Corp ET AL raised its holdings in UGI by 234.1% in the third quarter. Tudor Investment Corp ET AL now owns 95,545 shares of the utilities provider’s stock valued at $3,178,000 after acquiring an additional 66,946 shares in the last quarter. Finally, Pinebridge Investments LLC acquired a new stake in UGI in the fourth quarter valued at $1,748,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on UGI shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $40.00 price target (down from $45.00) on shares of UGI in a report on Thursday, April 30th. Wells Fargo & Company assumed coverage on shares of UGI in a report on Monday, May 11th. They set an “overweight” rating and a $46.00 target price on the stock. Finally, Weiss Ratings raised shares of UGI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, UGI presently has a consensus rating of “Moderate Buy” and an average target price of $43.33.

UGI Stock Down 0.3%

UGI stock opened at $34.26 on Wednesday. The company has a 50-day simple moving average of $35.48 and a 200-day simple moving average of $36.95. The firm has a market capitalization of $7.35 billion, a P/E ratio of 12.02 and a beta of 0.93. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.00. UGI Corporation has a one year low of $31.62 and a one year high of $41.34.

UGI (NYSE:UGI) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.02). The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.08 billion. UGI had a return on equity of 13.81% and a net margin of 8.71%.The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.21 EPS. As a group, equities analysts expect that UGI Corporation will post 2.89 earnings per share for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, June 15th. UGI’s dividend payout ratio is currently 52.63%.

About UGI

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.