Exchange Traded Concepts LLC Acquires Shares of 24,109 UGI Corporation (NYSE:UGI)

Exchange Traded Concepts LLC acquired a new position in UGI Corporation (NYSE:UGI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 24,109 shares of the utilities provider's stock, valued at approximately $797,000.

A number of other large investors also recently modified their holdings of UGI. Norges Bank purchased a new position in shares of UGI in the 4th quarter worth about $103,115,000. FMR LLC raised its holdings in shares of UGI by 22.4% in the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock worth $325,469,000 after purchasing an additional 2,110,337 shares during the period. Corvex Management LP purchased a new position in shares of UGI in the 4th quarter worth about $55,354,000. Pictet Asset Management Holding SA raised its holdings in shares of UGI by 5,776.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider's stock worth $49,104,000 after purchasing an additional 1,709,820 shares during the period. Finally, Neuberger Berman Group LLC raised its holdings in shares of UGI by 5,215.3% in the 4th quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider's stock worth $44,046,000 after purchasing an additional 1,530,911 shares during the period. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Stock Down 0.2%

Shares of UGI stock traded down $0.09 during trading hours on Friday, reaching $36.28. The company had a trading volume of 2,447,266 shares, compared to its average volume of 2,083,361. 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 Corporation has a twelve month low of $22.01 and a twelve month high of $36.62. The company has a market capitalization of $7.78 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 2.23 and a beta of 1.06. The stock's fifty day simple moving average is $34.71 and its 200 day simple moving average is $32.18.

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, beating analysts' consensus estimates of $1.80 by $0.41. UGI had a return on equity of 16.21% and a net margin of 7.28%. The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm earned $1.97 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts expect that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be paid a dividend of $0.375 per share. The ex-dividend date is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.13%. UGI's dividend payout ratio (DPR) is presently 61.73%.

Analysts Set New Price Targets

A number of research firms have recently commented on UGI. Mizuho raised their price objective on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Wall Street Zen upgraded UGI from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th.

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.