Entropy Technologies LP Buys New Shares in UGI Corporation $UGI

Entropy Technologies LP bought a new stake in UGI Corporation (NYSE:UGI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 72,352 shares of the utilities provider’s stock, valued at approximately $2,708,000.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of UGI by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,715 shares of the utilities provider’s stock worth $2,603,000 after purchasing an additional 6,649 shares during the period. Goldman Sachs Group Inc. lifted its holdings in UGI by 14.3% in the first 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in UGI by 17.2% in the first 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 period. Focus Partners Wealth lifted its holdings in UGI by 92.6% in the first quarter. Focus Partners Wealth now owns 22,584 shares of the utilities provider’s stock worth $747,000 after buying an additional 10,861 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in UGI by 15.6% in the second quarter. Baird Financial Group Inc. now owns 28,359 shares of the utilities provider’s stock worth $1,033,000 after buying an additional 3,825 shares during the period. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and set a $40.00 price target (down from $45.00) on shares of UGI in a research report on Thursday, April 30th. Wells Fargo & Company assumed coverage on shares of UGI in a research report on Monday, May 11th. They set an “overweight” rating and a $46.00 price target for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of UGI in a research report on Friday, April 24th. One investment 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. According to data from MarketBeat.com, UGI currently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

UGI Price Performance

Shares of NYSE:UGI opened at $34.98 on Monday. The firm’s 50 day moving average is $35.58 and its two-hundred day moving average is $37.02. UGI Corporation has a 52 week low of $31.62 and a 52 week high of $41.34. The firm has a market capitalization of $7.50 billion, a P/E ratio of 12.27 and a beta of 0.94. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10.

UGI (NYSE:UGI) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.02). UGI had a net margin of 8.71% and a return on equity of 13.81%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the business posted $2.21 EPS. UGI’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts anticipate that UGI Corporation will post 2.89 earnings per share for the current year.

UGI Dividend Announcement

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

UGI Company Profile

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.