UGI Corporation $UGI Stake Increased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL raised its stake in shares of UGI Corporation (NYSE:UGI) by 234.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,545 shares of the utilities provider’s stock after acquiring an additional 66,946 shares during the quarter. Tudor Investment Corp ET AL’s holdings in UGI were worth $3,178,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in UGI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of UGI by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,715 shares of the utilities provider’s stock worth $2,603,000 after purchasing an additional 6,649 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of UGI by 14.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider’s stock worth $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 position in shares of UGI by 17.2% during the 1st 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. Focus Partners Wealth boosted its holdings in UGI by 92.6% in the first quarter. Focus Partners Wealth now owns 22,584 shares of the utilities provider’s stock worth $747,000 after purchasing an additional 10,861 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of UGI by 4.2% during the second quarter. EverSource Wealth Advisors LLC now owns 9,544 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 385 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UGI

In other UGI news, CAO Jean Felix Tematio sold 12,840 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $38.07, for a total value of $488,818.80. Following the completion of the sale, the chief accounting officer directly owned 6,952 shares in the company, valued at $264,662.64. This represents a 64.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UGI shares. Weiss Ratings upgraded shares of UGI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Mizuho boosted their target price on shares of UGI from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Monday, December 15th. Finally, UBS Group restated an “outperform” rating on shares of UGI in a research report on Monday, December 15th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

UGI Price Performance

Shares of UGI opened at $36.62 on Friday. UGI Corporation has a one year low of $29.03 and a one year high of $41.34. The stock’s fifty day moving average is $37.80 and its 200-day moving average is $36.20. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.64 and a current ratio of 0.78. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 13.51 and a beta of 1.08.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.24). The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.49 billion. UGI had a return on equity of 14.46% and a net margin of 8.17%.The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 EPS. Equities analysts anticipate that UGI Corporation will post 3.02 EPS for the current year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be issued a $0.375 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.1%. UGI’s dividend payout ratio (DPR) is 55.35%.

UGI Profile

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.