Edgestream Partners L.P. Has $12.71 Million Stake in UGI Corporation (NYSE:UGI)

Edgestream Partners L.P. lifted its stake in UGI Corporation (NYSE:UGI - Free Report) by 204.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 384,385 shares of the utilities provider's stock after purchasing an additional 258,017 shares during the period. UGI accounts for approximately 0.4% of Edgestream Partners L.P.'s holdings, making the stock its 16th largest holding. Edgestream Partners L.P. owned about 0.18% of UGI worth $12,712,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cutter & CO Brokerage Inc. boosted its position in shares of UGI by 8.7% in the 1st quarter. Cutter & CO Brokerage Inc. now owns 82,466 shares of the utilities provider's stock worth $2,727,000 after purchasing an additional 6,589 shares during the last quarter. Oxbow Advisors LLC boosted its position in shares of UGI by 1.9% in the 1st quarter. Oxbow Advisors LLC now owns 224,047 shares of the utilities provider's stock worth $7,409,000 after purchasing an additional 4,204 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of UGI by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 60,200 shares of the utilities provider's stock worth $1,991,000 after purchasing an additional 600 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of UGI by 5.1% in the 1st quarter. New York State Common Retirement Fund now owns 110,700 shares of the utilities provider's stock worth $3,661,000 after purchasing an additional 5,376 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of UGI in the 1st quarter worth $232,000. 82.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UGI shares. Wall Street Zen upgraded UGI from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. Mizuho raised their price objective on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th.

UGI Trading Down 0.9%

UGI stock traded down $0.31 during mid-day trading on Tuesday, hitting $35.99. 171,104 shares of the company's stock were exchanged, compared to its average volume of 2,053,674. The firm has a market capitalization of $7.72 billion, a P/E ratio of 14.82, a PEG ratio of 2.19 and a beta of 1.05. UGI Corporation has a fifty-two week low of $23.09 and a fifty-two week high of $36.74. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.31. The company's 50 day simple moving average is $35.65 and its 200-day simple moving average is $33.08.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping the consensus estimate 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 firm's revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.97 EPS. On average, equities analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Monday, June 16th. UGI's dividend payout ratio is 61.73%.

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.