Mitsubishi UFJ Trust & Banking Corp Has $89.97 Million Stock Holdings in UGI Corporation $UGI

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of UGI Corporation (NYSE:UGI) by 170.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,470,299 shares of the utilities provider’s stock after buying an additional 1,556,273 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in UGI were worth $89,968,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Northern Trust Corp increased its position in shares of UGI by 2.9% during the first quarter. Northern Trust Corp now owns 4,120,082 shares of the utilities provider’s stock worth $136,251,000 after acquiring an additional 117,663 shares in the last quarter. LSV Asset Management increased its holdings in UGI by 6.6% during the 1st quarter. LSV Asset Management now owns 4,037,604 shares of the utilities provider’s stock worth $133,524,000 after purchasing an additional 251,311 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of UGI by 91.5% in the 1st quarter. Neuberger Berman Group LLC now owns 2,987,818 shares of the utilities provider’s stock valued at $98,807,000 after purchasing an additional 1,427,553 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of UGI by 11.8% in the first quarter. Ameriprise Financial Inc. now owns 2,644,716 shares of the utilities provider’s stock valued at $87,472,000 after purchasing an additional 278,616 shares in the last quarter. Finally, Energy Income Partners LLC lifted its holdings in shares of UGI by 3.1% in the first quarter. Energy Income Partners LLC now owns 1,554,344 shares of the utilities provider’s stock valued at $51,402,000 after purchasing an additional 47,423 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on UGI shares. Wall Street Zen raised UGI from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UGI in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of UGI to a “hold” rating in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

UGI Stock Performance

Shares of NYSE UGI opened at $34.63 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70. The stock has a 50 day moving average price of $33.28 and a 200 day moving average price of $34.68. The stock has a market capitalization of $7.44 billion, a PE ratio of 18.23 and a beta of 1.06. UGI Corporation has a 52 week low of $23.18 and a 52 week high of $37.42.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, August 30th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $2.03 billion for the quarter. UGI had a return on equity of 15.73% and a net margin of 5.70%. Analysts predict that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

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.