Exchange Traded Concepts LLC Invests $797,000 in UGI Corporation (NYSE:UGI)

Exchange Traded Concepts LLC bought a new position in shares of UGI Corporation (NYSE:UGI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,109 shares of the utilities provider's stock, valued at approximately $797,000.

A number of other large investors also recently made changes to their positions in UGI. Sound Income Strategies LLC lifted its position 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 during the period. Quintet Private Bank Europe S.A. boosted its stake in shares of UGI by 25.3% in the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider's stock valued at $62,000 after purchasing an additional 380 shares during the last quarter. Alpha Omega Wealth Management LLC lifted its stake in shares of UGI by 5.4% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 15,153 shares of the utilities provider's stock valued at $501,000 after purchasing an additional 776 shares during the period. CX Institutional acquired a new position in shares of UGI during the 1st quarter valued at $30,000. Finally, SG Americas Securities LLC acquired a new stake in UGI in the first quarter valued at approximately $1,124,000. Institutional investors own 82.34% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UGI. Wall Street Zen raised UGI from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. Mizuho upped their price target on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th.

UGI Price Performance

NYSE UGI traded up $0.09 on Tuesday, reaching $36.49. 2,810,073 shares of the company's stock traded hands, compared to its average volume of 2,082,642. The stock has a 50-day simple moving average of $34.80 and a 200 day simple moving average of $32.27. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.23 and a quick ratio of 1.05. UGI Corporation has a 12 month low of $22.01 and a 12 month high of $36.73. The stock has a market cap of $7.83 billion, a PE ratio of 15.02, a P/E/G ratio of 2.23 and a beta of 1.06.

UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.41. UGI had a return on equity of 16.21% and a net margin of 7.28%. The company had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same period last year, the firm earned $1.97 earnings per share. UGI's quarterly revenue was up 8.1% on a year-over-year basis. As a group, research analysts predict that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The firm 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 $0.375 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.11%. UGI's payout ratio is 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.