Blueshift Asset Management LLC Makes New $263,000 Investment in UGI Corporation (NYSE:UGI)

Key Points

• Blueshift Asset Management LLC acquired a new stake in UGI Corporation, purchasing 7,955 shares valued at approximately $263,000 in the first quarter.
• UGI Corporation reported earnings per share (EPS) of $2.21 for the last quarter, surpassing analyst estimates of $1.80, although its revenue fell short of expectations at $2.67 billion.
• The company recently declared a quarterly dividend of $0.375, providing a dividend yield of 4.2% and indicating a dividend payout ratio (DPR) of 61.73%.

Blueshift Asset Management LLC acquired a new stake in UGI Corporation (NYSE:UGI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,955 shares of the utilities provider's stock, valued at approximately $263,000.

A number of other institutional investors also recently bought and sold shares of UGI. American Century Companies Inc. increased its stake in shares of UGI by 62.1% during the fourth quarter. American Century Companies Inc. now owns 68,729 shares of the utilities provider's stock worth $1,940,000 after acquiring an additional 26,317 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of UGI by 66.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 28,860 shares of the utilities provider's stock worth $815,000 after acquiring an additional 11,567 shares during the period. Geode Capital Management LLC increased its stake in shares of UGI by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock worth $157,200,000 after acquiring an additional 296,028 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of UGI by 42.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,457,702 shares of the utilities provider's stock worth $41,151,000 after acquiring an additional 430,985 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of UGI during the fourth quarter worth about $46,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Price Performance

Shares of NYSE UGI traded down $0.41 on Thursday, hitting $35.77. The company's stock had a trading volume of 466,472 shares, compared to its average volume of 1,938,756. UGI Corporation has a 12-month low of $23.09 and a 12-month high of $37.42. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.23 and a quick ratio of 1.05. The stock has a 50 day moving average of $35.97 and a 200-day moving average of $33.88.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.11. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.77 billion. UGI had a net margin of 7.28% and a return on equity of 16.21%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 earnings per share. As a group, research analysts predict that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.2%. UGI's dividend payout ratio is currently 61.73%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen lowered shares of UGI from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th.

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.