Envestnet Portfolio Solutions Inc. Has $788,000 Position in UGI Corporation (NYSE:UGI)

Envestnet Portfolio Solutions Inc. boosted its holdings in UGI Corporation (NYSE:UGI - Free Report) by 63.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,822 shares of the utilities provider's stock after buying an additional 9,266 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in UGI were worth $788,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its position in shares of UGI by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock valued at $72,130,000 after buying an additional 51,861 shares during the last quarter. Jump Financial LLC lifted its stake in shares of UGI by 190.8% in the fourth quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider's stock worth $964,000 after acquiring an additional 22,411 shares during the period. Focus Partners Wealth bought a new stake in UGI in the fourth quarter valued at approximately $331,000. GAMMA Investing LLC boosted its holdings in UGI by 3,449.2% in the first quarter. GAMMA Investing LLC now owns 277,722 shares of the utilities provider's stock valued at $8,398,000 after acquiring an additional 269,897 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in UGI during the 1st quarter valued at approximately $1,124,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Price Performance

Shares of UGI opened at $35.68 on Thursday. The firm has a market cap of $7.65 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 2.24 and a beta of 1.06. UGI Corporation has a 52-week low of $22.01 and a 52-week high of $36.74. The business's 50 day moving average price is $34.95 and its two-hundred day moving average price is $32.32. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.23.

UGI (NYSE:UGI - Get Free Report) last released its earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.41. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. UGI had a net margin of 7.28% and a return on equity of 16.21%. UGI's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.97 EPS. On average, equities analysts anticipate that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 16th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Monday, June 16th. UGI's dividend payout ratio (DPR) is currently 61.73%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on UGI shares. Wall Street Zen upgraded shares of UGI from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. Mizuho boosted their target price on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday, May 15th.

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.

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