Victory Capital Management Inc. Boosts Stake in UGI Co. (NYSE:UGI)

Victory Capital Management Inc. increased its holdings in UGI Co. (NYSE:UGI) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 977,979 shares of the utilities provider’s stock after acquiring an additional 6,392 shares during the quarter. Victory Capital Management Inc. owned approximately 0.47% of UGI worth $24,058,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of UGI by 503.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,904,763 shares of the utilities provider’s stock valued at $66,810,000 after buying an additional 2,423,713 shares during the last quarter. Federated Hermes Inc. boosted its stake in UGI by 67.0% during the 3rd quarter. Federated Hermes Inc. now owns 2,372,182 shares of the utilities provider’s stock valued at $54,560,000 after acquiring an additional 951,405 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in UGI by 309.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,175,347 shares of the utilities provider’s stock worth $27,033,000 after acquiring an additional 888,072 shares in the last quarter. Vanguard Group Inc. grew its holdings in UGI by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock worth $604,255,000 after acquiring an additional 781,929 shares in the last quarter. Finally, Covalis Capital LLP bought a new stake in shares of UGI in the 3rd quarter worth about $16,279,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

UGI has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd. TheStreet upgraded UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. Mizuho lifted their price objective on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Finally, StockNews.com upgraded shares of UGI from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd.

UGI Trading Up 0.9 %

NYSE:UGI opened at $24.78 on Thursday. The firm has a market capitalization of $5.19 billion, a P/E ratio of -60.43 and a beta of 1.13. The business has a 50 day simple moving average of $24.66 and a 200 day simple moving average of $23.56. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.21 and a quick ratio of 1.01. UGI Co. has a 12-month low of $20.19 and a 12-month high of $30.10.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $3.07 billion. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. The company’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 earnings per share. Equities research analysts predict that UGI Co. will post 2.91 EPS for the current year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.375 per share. The ex-dividend date is Friday, June 14th. This represents a $1.50 dividend on an annualized basis and a yield of 6.05%. UGI’s dividend payout ratio (DPR) is presently -365.85%.

UGI Company 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.