Entropy Technologies LP Takes Position in UGI Corporation (NYSE:UGI)

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 bought a new stake in UGI Corporation (NYSE:UGI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 77,321 shares of the utilities provider's stock, valued at approximately $2,557,000.

A number of other large investors have also modified their holdings of UGI. Bessemer Group Inc. lifted its stake in shares of UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after acquiring an additional 611 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in shares of UGI in the fourth quarter worth about $25,000. CX Institutional acquired a new position in shares of UGI in the first quarter worth about $30,000. GeoWealth Management LLC acquired a new position in shares of UGI in the fourth quarter worth about $27,000. Finally, Private Trust Co. NA lifted its stake in shares of UGI by 36.1% in the first quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock worth $46,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UGI shares. Mizuho boosted their price target on 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 downgraded UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th.

UGI Stock Down 1.0%

NYSE:UGI opened at $35.10 on Monday. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. UGI Corporation has a one year low of $23.09 and a one year high of $37.42. The stock has a 50-day simple moving average of $35.96 and a 200 day simple moving average of $34.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.70.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.11. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.77 billion. UGI had a return on equity of 15.73% and a net margin of 5.70%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. Sell-side analysts predict that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

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

UGI 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.

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