Dynamic Technology Lab Private Ltd Acquires Shares of 34,750 UGI Corporation $UGI

Key Points

• Dynamic Technology Lab Private Ltd has acquired 34,750 shares of UGI Corporation, valued at approximately $1,149,000, further increasing the notable interest from institutional investors in UGI.
• UGI recently raised its dividend to $0.375 per share, reflecting an annualized dividend yield of 4.3% and a payout ratio of 78.95%.
• Analysts have mixed ratings on UGI, with a new price target from Mizuho set at $39.00, indicating an overall average rating of "Moderate Buy."

Dynamic Technology Lab Private Ltd acquired a new position in shares of UGI Corporation (NYSE:UGI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 34,750 shares of the utilities provider's stock, valued at approximately $1,149,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UGI. Mercer Global Advisors Inc. ADV increased its holdings in UGI by 36.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 23,218 shares of the utilities provider's stock worth $655,000 after purchasing an additional 6,210 shares in the last quarter. Cetera Investment Advisers increased its holdings in UGI by 2.1% during the 4th quarter. Cetera Investment Advisers now owns 25,207 shares of the utilities provider's stock worth $712,000 after purchasing an additional 523 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in UGI by 13.5% during the 4th quarter. EP Wealth Advisors LLC now owns 16,391 shares of the utilities provider's stock worth $463,000 after purchasing an additional 1,948 shares in the last quarter. Ethic Inc. increased its holdings in UGI by 7.0% during the 4th quarter. Ethic Inc. now owns 101,397 shares of the utilities provider's stock worth $2,862,000 after purchasing an additional 6,639 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in UGI during the 4th quarter worth approximately $331,000. 82.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on UGI. Wall Street Zen lowered UGI from a "buy" rating to a "hold" rating in a report on Saturday. Zacks Research raised UGI to a "hold" rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.33.

UGI Stock Performance

Shares of UGI stock traded down $0.08 during trading on Friday, hitting $34.75. The company's stock had a trading volume of 1,507,715 shares, compared to its average volume of 1,593,058. The company has a market cap of $7.47 billion, a PE ratio of 18.29, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16. The business has a fifty day moving average of $35.38 and a 200-day moving average of $34.50. UGI Corporation has a 52 week low of $23.14 and a 52 week high of $37.42.

UGI (NYSE:UGI - Get Free Report) last released its earnings results 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. UGI had a return on equity of 15.73% and a net margin of 5.70%.The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $0.06 earnings per share. UGI's quarterly revenue was up 1.0% on a year-over-year basis. As a group, research analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, September 15th. UGI's dividend payout ratio is 78.95%.

UGI Company Profile

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.