Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in UGI Corp (NYSE:UGI) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,146 shares of the utilities provider’s stock after selling 2,512 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in UGI were worth $1,321,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Prudential Financial Inc. increased its holdings in shares of UGI by 12.2% in the 3rd quarter. Prudential Financial Inc. now owns 2,224,667 shares of the utilities provider’s stock worth $104,248,000 after buying an additional 241,470 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of UGI by 8.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 528,435 shares of the utilities provider’s stock valued at $24,762,000 after purchasing an additional 42,601 shares during the last quarter. Foster & Motley Inc. grew its holdings in shares of UGI by 7.3% during the 3rd quarter. Foster & Motley Inc. now owns 100,244 shares of the utilities provider’s stock valued at $4,697,000 after purchasing an additional 6,810 shares during the last quarter. Moneta Group Investment Advisors LLC bought a new position in shares of UGI during the 3rd quarter valued at $323,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of UGI by 2.7% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 352,690 shares of the utilities provider’s stock valued at $16,527,000 after purchasing an additional 9,403 shares during the last quarter. 77.42% of the stock is currently owned by hedge funds and other institutional investors.
UGI has been the topic of several recent research reports. Barclays reaffirmed a “sell” rating and set a $48.00 target price on shares of UGI in a report on Thursday, October 19th. Zacks Investment Research raised shares of UGI from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Saturday, January 13th.
UGI Corp (UGI) opened at $43.40 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 0.99. UGI Corp has a twelve month low of $42.51 and a twelve month high of $52.00. The company has a market cap of $7,489.79, a price-to-earnings ratio of 13.44 and a beta of 0.58.
UGI (NYSE:UGI) last released its earnings results on Wednesday, January 31st. The utilities provider reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.08. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.87 billion. UGI had a net margin of 8.71% and a return on equity of 10.88%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. research analysts forecast that UGI Corp will post 2.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Thursday, March 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Wednesday, March 14th. UGI’s dividend payout ratio (DPR) is presently 30.96%.
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UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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