Pinebridge Investments LLC Makes New $1.75 Million Investment in UGI Corporation $UGI

Pinebridge Investments LLC purchased a new position in UGI Corporation (NYSE:UGI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 46,712 shares of the utilities provider’s stock, valued at approximately $1,748,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its stake in UGI by 11.2% in the 3rd quarter. Captrust Financial Advisors now owns 2,863,933 shares of the utilities provider’s stock worth $95,254,000 after buying an additional 287,764 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in 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 buying an additional 116,372 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in UGI by 17.2% in 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 worth $25,971,000 after buying an additional 115,409 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of UGI by 8.9% in the 4th quarter. SG Americas Securities LLC now owns 227,467 shares of the utilities provider’s stock worth $8,514,000 after purchasing an additional 18,652 shares during the period. Finally, Foster & Motley Inc. raised its holdings in shares of UGI by 13.9% in the 4th quarter. Foster & Motley Inc. now owns 165,187 shares of the utilities provider’s stock worth $6,183,000 after purchasing an additional 20,179 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UGI has been the topic of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of UGI in a report on Friday, April 24th. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price objective (down from $45.00) on shares of UGI in a report on Thursday, April 30th. Finally, Wells Fargo & Company initiated coverage on UGI in a report on Monday, May 11th. They issued an “overweight” rating and a $46.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.33.

UGI Stock Performance

UGI stock opened at $34.74 on Tuesday. The stock’s 50-day moving average is $35.71 and its 200-day moving average is $37.07. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 12.19 and a beta of 0.94. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.00 and a quick ratio of 0.87. UGI Corporation has a 12 month low of $31.62 and a 12 month high of $41.34.

UGI (NYSE:UGI) last released 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 firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3.08 billion. UGI had a return on equity of 13.81% and a net margin of 8.71%.The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $2.21 earnings per share. Equities analysts anticipate that UGI Corporation will post 2.89 earnings per share for the current year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, June 15th. UGI’s dividend payout ratio (DPR) is presently 52.63%.

About UGI

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.