Tdam USA Inc. Has $400,000 Position in UGI Corp (NYSE:UGI)
Tdam USA Inc. reduced its position in shares of UGI Corp (NYSE:UGI) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,492 shares of the utilities provider’s stock after selling 825 shares during the period. Tdam USA Inc.’s holdings in UGI were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC acquired a new stake in UGI during the 1st quarter worth approximately $28,000. Meridian Wealth Management LLC acquired a new position in UGI in the 1st quarter valued at $33,000. FNY Investment Advisers LLC raised its holdings in UGI by 57.8% in the 1st quarter. FNY Investment Advisers LLC now owns 781 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 286 shares in the last quarter. Security National Trust Co. raised its holdings in UGI by 757.1% in the 1st quarter. Security National Trust Co. now owns 900 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 795 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in UGI by 680.9% in the 1st quarter. Quadrant Capital Group LLC now owns 1,023 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 892 shares in the last quarter. 79.46% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on UGI shares. ValuEngine cut UGI from a “buy” rating to a “hold” rating in a report on Friday, June 21st. TheStreet cut UGI from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Barclays reaffirmed a “sell” rating and issued a $52.00 price objective on shares of UGI in a report on Thursday, July 18th. Finally, UBS Group set a $63.00 price objective on UGI and gave the company a “buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.25.
Shares of UGI traded up $0.09 during midday trading on Thursday, hitting $46.59. The company’s stock had a trading volume of 38,995 shares, compared to its average volume of 1,418,083. UGI Corp has a one year low of $45.94 and a one year high of $59.31. The company’s fifty day moving average price is $51.15. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 0.94. The company has a market cap of $8.25 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59.
UGI (NYSE:UGI) last issued 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). UGI had a net margin of 4.46% and a return on equity of 10.56%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.43 billion. As a group, equities analysts forecast that UGI Corp will post 2.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 9th will be paid a $0.325 dividend. This is a positive change from UGI’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $1.30 annualized dividend and a dividend yield of 2.79%. UGI’s dividend payout ratio (DPR) is presently 47.45%.
UGI Company Profile
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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