UGI Corporation (NYSE:UGI) Shares Purchased by Envestnet Portfolio Solutions Inc.

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

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State of Alaska Department of Revenue raised its holdings in UGI by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 25,171 shares of the utilities provider's stock worth $832,000 after purchasing an additional 695 shares in the last quarter. QRG Capital Management Inc. purchased a new position in UGI during the first quarter worth about $534,000. Exchange Traded Concepts LLC purchased a new position in UGI during the first quarter worth about $797,000. Sound Income Strategies LLC raised its holdings in UGI by 3,343.8% during the first quarter. Sound Income Strategies LLC now owns 2,755 shares of the utilities provider's stock worth $91,000 after purchasing an additional 2,675 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. raised its holdings in UGI by 25.3% during the first quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock worth $62,000 after purchasing an additional 380 shares in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

UGI Price Performance

UGI stock traded up $0.07 during mid-day trading on Friday, reaching $36.12. The company had a trading volume of 1,836,964 shares, compared to its average volume of 2,071,157. UGI Corporation has a 1 year low of $22.01 and a 1 year high of $36.74. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.23 and a quick ratio of 1.05. The company has a market capitalization of $7.75 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.22 and a beta of 1.06. The stock's 50-day simple moving average is $35.06 and its 200-day simple moving average is $32.48.

UGI (NYSE:UGI - Get Free Report) last issued 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. UGI had a net margin of 7.28% and a return on equity of 16.21%. The company had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same period last year, the company posted $1.97 earnings per share. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts predict that UGI Corporation will post 3.02 EPS for the current year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.15%. UGI's dividend payout ratio is presently 61.73%.

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.