UGI Corporation (NYSE:UGI) Shares Purchased by Easterly Investment Partners LLC

Easterly Investment Partners LLC raised its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,738 shares of the utilities provider's stock after buying an additional 9,400 shares during the period. Easterly Investment Partners LLC's holdings in UGI were worth $2,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in shares of UGI during the first quarter valued at approximately $338,000. Red Door Wealth Management LLC bought a new stake in shares of UGI during the first quarter valued at approximately $230,000. Jump Financial LLC raised its stake in shares of UGI by 190.8% during the fourth quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider's stock valued at $964,000 after acquiring an additional 22,411 shares in the last quarter. Meritage Portfolio Management bought a new stake in shares of UGI during the first quarter valued at approximately $5,176,000. Finally, SG Americas Securities LLC bought a new stake in shares of UGI during the first quarter valued at approximately $1,124,000. Institutional investors own 82.34% of the company's stock.

UGI Stock Up 0.9%

Shares of UGI stock traded up $0.32 during trading hours on Friday, reaching $36.34. 1,269,847 shares of the company's stock were exchanged, compared to its average volume of 2,048,738. The stock's 50 day moving average is $35.76 and its 200-day moving average is $33.17. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 2.21 and a beta of 1.05. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. UGI Corporation has a fifty-two week low of $23.09 and a fifty-two week high of $36.74.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. UGI had a return on equity of 16.21% and a net margin of 7.28%. The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.97 earnings per share. Analysts predict that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 16th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Monday, June 16th. UGI's payout ratio is 61.73%.

Wall Street Analysts Forecast Growth

UGI has been the subject of several research analyst reports. Mizuho lifted their price target on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen raised shares of UGI from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th.

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.