Pinebridge Investments LLC Buys Shares of 46,712 UGI Corporation $UGI

Pinebridge Investments LLC bought a new stake in UGI Corporation (NYSE:UGI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,712 shares of the utilities provider’s stock, valued at approximately $1,748,000.

Several other large investors also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in UGI by 17.0% in the fourth quarter. Parallel Advisors LLC now owns 4,992 shares of the utilities provider’s stock valued at $187,000 after purchasing an additional 724 shares during the last quarter. Waterloo Capital L.P. grew its holdings in UGI by 2.0% in the fourth quarter. Waterloo Capital L.P. now owns 75,375 shares of the utilities provider’s stock valued at $2,821,000 after purchasing an additional 1,451 shares during the last quarter. Steel Grove Capital Advisors LLC acquired a new stake in UGI in the fourth quarter valued at $1,696,000. EverSource Wealth Advisors LLC grew its holdings in UGI by 4.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,842 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 456 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in UGI by 356.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 10,834 shares of the utilities provider’s stock valued at $406,000 after purchasing an additional 8,461 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Stock Down 0.3%

UGI opened at $34.74 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 1.10. The firm has a market cap of $7.45 billion, a P/E ratio of 12.19 and a beta of 0.94. UGI Corporation has a 52 week low of $31.62 and a 52 week high of $41.34. The business’s fifty day simple moving average is $35.71 and its 200 day simple moving average is $37.07.

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

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 15th. UGI’s dividend payout ratio (DPR) is presently 52.63%.

Analysts Set New Price Targets

Several analysts have weighed in on UGI shares. Wells Fargo & Company started coverage on UGI in a report on Monday, May 11th. They issued an “overweight” rating and a $46.00 target price on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of UGI in a report on Friday, April 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 price objective (down from $45.00) on shares of UGI in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, UGI has an average rating of “Moderate Buy” and an average target price of $43.33.

UGI Company 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.