UGI Corporation (NYSE:UGI) Shares Sold by Nilsine Partners LLC

Nilsine Partners LLC decreased its holdings in shares of UGI Corporation (NYSE:UGI) by 1.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 18,007 shares of the utilities provider’s stock after selling 311 shares during the quarter. Nilsine Partners LLC’s holdings in UGI were worth $595,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in UGI by 216.7% during the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 611 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in UGI during the fourth quarter worth approximately $25,000. CX Institutional purchased a new stake in UGI during the first quarter worth approximately $30,000. GeoWealth Management LLC purchased a new stake in UGI during the fourth quarter worth approximately $27,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in UGI during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Trading Down 0.2%

NYSE UGI opened at $36.28 on Friday. The firm’s fifty day moving average is $34.71 and its two-hundred day moving average is $32.18. UGI Corporation has a one year low of $22.01 and a one year high of $36.62. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.23. The firm has a market cap of $7.78 billion, a PE ratio of 14.93, a P/E/G ratio of 2.23 and a beta of 1.06.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.41. UGI had a return on equity of 16.21% and a net margin of 7.28%. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the company posted $1.97 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Analysts expect that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Monday, June 16th. UGI’s dividend payout ratio (DPR) is presently 61.73%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on UGI shares. Wall Street Zen upgraded UGI from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 14th. Mizuho boosted their target price on UGI from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, May 15th.

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.