Toronto Dominion Bank lowered its holdings in shares of UGI Corp (NYSE:UGI) by 15.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,525 shares of the utilities provider’s stock after selling 4,777 shares during the quarter. Toronto Dominion Bank’s holdings in UGI were worth $1,416,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meridian Wealth Management LLC acquired a new stake in UGI in the 1st quarter valued at approximately $33,000. Transamerica Financial Advisors Inc. bought a new position in shares of UGI during the 2nd quarter worth approximately $87,000. Massmutual Trust Co. FSB ADV bought a new position in shares of UGI during the 2nd quarter worth approximately $107,000. Advisory Services Network LLC boosted its stake in shares of UGI by 49.4% during the 2nd quarter. Advisory Services Network LLC now owns 2,299 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 760 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of UGI during the 2nd quarter worth approximately $128,000. 84.71% of the stock is currently owned by institutional investors.
UGI has been the subject of several research analyst reports. TheStreet downgraded UGI from a “b” rating to a “c+” rating in a research note on Tuesday, August 6th. Barclays restated a “sell” rating and issued a $52.00 price target on shares of UGI in a research note on Thursday, July 18th. UBS Group set a $63.00 price target on UGI and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, ValuEngine downgraded UGI from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $58.25.
UGI traded up $0.06 during trading on Wednesday, hitting $48.05. The stock had a trading volume of 32,151 shares, compared to its average volume of 1,405,438. The company has a 50 day moving average price of $49.12 and a 200-day moving average price of $51.72. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 17.54 and a beta of 0.57. UGI Corp has a one year low of $45.94 and a one year high of $59.31. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 0.94.
UGI (NYSE:UGI) last released its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.07). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.43 billion. UGI had a net margin of 4.46% and a return on equity of 10.56%. As a group, sell-side analysts predict that UGI Corp will post 2.4 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, August 9th were issued a $0.325 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This is a boost from UGI’s previous quarterly dividend of $0.30. This represents a $1.30 annualized dividend and a yield of 2.71%. UGI’s payout ratio is currently 47.45%.
UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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