Rothschild Asset Management Inc. lowered its position in UGI Corporation (NYSE:UGI) by 11.9% during the first quarter, Holdings Channel reports. The firm owned 10,385 shares of the utilities provider’s stock after selling 1,405 shares during the period. Rothschild Asset Management Inc.’s holdings in UGI Corporation were worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in UGI. Penserra Capital Management LLC increased its stake in shares of UGI Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 3,404 shares of the utilities provider’s stock worth $168,000 after buying an additional 296 shares during the period. Steinberg Global Asset Management acquired a new stake in shares of UGI Corporation during the first quarter worth about $204,000. Quadrature Capital Ltd acquired a new stake in shares of UGI Corporation during the fourth quarter worth about $208,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of UGI Corporation by 6.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,623 shares of the utilities provider’s stock worth $214,000 after buying an additional 280 shares during the period. Finally, RKL Wealth Management LLC acquired a new stake in shares of UGI Corporation during the first quarter worth about $229,000. 78.69% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for UGI Corporation (NYSE:UGI)

Shares of UGI Corporation (NYSE:UGI) traded up 1.54% during mid-day trading on Friday, reaching $51.58. The company’s stock had a trading volume of 1,418,102 shares. UGI Corporation has a 52 week low of $41.79 and a 52 week high of $52.00. The firm has a 50-day moving average of $49.79 and a 200-day moving average of $48.00. The firm has a market capitalization of $8.93 billion, a PE ratio of 19.45 and a beta of 0.66.

UGI Corporation (NYSE:UGI) last announced its earnings results on Monday, May 1st. The utilities provider reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.32 by $0.01. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. UGI Corporation had a net margin of 7.84% and a return on equity of 11.06%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. Equities research analysts forecast that UGI Corporation will post $2.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 1st. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 13th. This is an increase from UGI Corporation’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.94%. UGI Corporation’s dividend payout ratio (DPR) is currently 38.02%.

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A number of analysts have issued reports on the company. Barclays PLC decreased their price target on UGI Corporation from $44.00 to $43.00 and set an “underweight” rating for the company in a report on Tuesday, May 2nd. Zacks Investment Research raised UGI Corporation from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Wednesday, April 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $46.00 price target on shares of UGI Corporation in a report on Wednesday, April 19th.

In other news, Director Roger B. Vincent sold 25,500 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $50.70, for a total transaction of $1,292,850.00. Following the completion of the sale, the director now directly owns 20,266 shares in the company, valued at $1,027,486.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne Pol sold 6,750 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $50.61, for a total value of $341,617.50. Following the sale, the director now owns 12,062 shares of the company’s stock, valued at $610,457.82. The disclosure for this sale can be found here. Insiders have sold 97,250 shares of company stock valued at $4,954,218 over the last 90 days. Insiders own 2.20% of the company’s stock.

About UGI Corporation

UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.

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