PNC Financial Services Group Inc. Sells 1,060 Shares of UGI Corporation (NYSE:UGI)

PNC Financial Services Group Inc. trimmed its position in UGI Corporation (NYSE:UGI) by 7.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,211 shares of the utilities provider’s stock after selling 1,060 shares during the quarter. PNC Financial Services Group Inc.’s holdings in UGI were worth $437,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in shares of UGI by 216.7% during the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider’s stock valued at $25,000 after buying an additional 611 shares during the period. Altshuler Shaham Ltd purchased a new stake in shares of UGI in the fourth quarter valued at approximately $25,000. GeoWealth Management LLC bought a new position in UGI in the fourth quarter worth approximately $27,000. CX Institutional bought a new position in UGI in the first quarter worth approximately $30,000. Finally, Anderson Financial Strategies LLC bought a new position in UGI in the fourth quarter worth approximately $41,000. 82.34% of the stock is owned by institutional investors.

UGI Trading Down 0.5%

UGI stock opened at $35.75 on Friday. The company’s 50-day simple moving average is $35.93 and its 200-day simple moving average is $34.10. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 1.16. UGI Corporation has a 52-week low of $23.14 and a 52-week high of $37.42. The firm has a market cap of $7.68 billion, a P/E ratio of 18.82, a PEG ratio of 1.71 and a beta of 1.05.

UGI (NYSE:UGI) last posted its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.11. UGI had a net margin of 5.70% and a return on equity of 15.73%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities analysts forecast that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, September 15th. UGI’s dividend payout ratio is 78.95%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UGI. Wall Street Zen downgraded UGI from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 18th. Mizuho upped their price target on shares of UGI from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, May 15th.

About UGI

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.