77,321 Shares in UGI Corporation (NYSE:UGI) Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP acquired a new stake in UGI Corporation, purchasing 77,321 shares valued at approximately $2.56 million.
• Recently, Mizuho raised UGI's price target from $38.00 to $39.00 while maintaining an "outperform" rating, indicating positive growth expectations.
• UGI Corporation announced a quarterly dividend of $0.375 per share, resulting in an annualized yield of 4.3%.

Entropy Technologies LP purchased a new position in shares of UGI Corporation (NYSE:UGI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 77,321 shares of the utilities provider's stock, valued at approximately $2,557,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlas Capital Advisors Inc. boosted its holdings in shares of UGI by 945.7% during the 1st quarter. Atlas Capital Advisors Inc. now owns 17,171 shares of the utilities provider's stock worth $568,000 after buying an additional 15,529 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in UGI in the 1st quarter valued at $663,000. National Bank of Canada FI bought a new position in UGI in the 1st quarter valued at $492,000. Headlands Technologies LLC bought a new position in UGI in the 1st quarter valued at $84,000. Finally, Deutsche Bank AG grew its stake in shares of UGI by 2.5% during the 1st quarter. Deutsche Bank AG now owns 43,328 shares of the utilities provider's stock worth $1,433,000 after acquiring an additional 1,044 shares during the period. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Performance

UGI stock traded down $0.48 during trading on Friday, reaching $35.27. The stock had a trading volume of 306,545 shares, compared to its average volume of 1,944,945. UGI Corporation has a 52 week low of $23.14 and a 52 week high of $37.42. The stock's 50 day moving average is $35.93 and its two-hundred day moving average is $34.10. 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 firm has a market cap of $7.58 billion, a PE ratio of 18.55, a PEG ratio of 1.71 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company earned $0.06 earnings per share. UGI's revenue was up 1.0% on a year-over-year basis. As a group, equities analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, September 15th. This represents a $1.50 annualized dividend and a dividend yield of 4.3%. UGI's dividend payout ratio (DPR) is currently 78.95%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen downgraded UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Mizuho boosted their target price on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th.

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.