Fox Run Management L.L.C. Purchases New Stake in UGI Corporation $UGI

Key Points

• Fox Run Management L.L.C. acquired a new stake in UGI Corporation, purchasing 41,594 shares valued at approximately $1,376,000 during the first quarter.
• UGI Corporation recently declared a quarterly dividend of $0.375 per share, representing an annualized dividend of $1.50 and a yield of 4.2%.
• In the latest earnings report, UGI beat analysts' expectations with (0.01) earnings per share, compared to an expected (0.12), while generating revenue of $1.39 billion.

Fox Run Management L.L.C. bought a new position in shares of UGI Corporation (NYSE:UGI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,594 shares of the utilities provider's stock, valued at approximately $1,376,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Snyder Capital Management L P raised its position in UGI by 1.6% during the fourth quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock worth $144,727,000 after acquiring an additional 78,327 shares during the last quarter. LSV Asset Management grew its holdings in shares of UGI by 6.6% during the first quarter. LSV Asset Management now owns 4,037,604 shares of the utilities provider's stock worth $133,524,000 after buying an additional 251,311 shares in the last quarter. Northern Trust Corp grew its holdings in shares of UGI by 21.3% during the fourth quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider's stock worth $112,988,000 after buying an additional 703,491 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of UGI by 91.5% during the first quarter. Neuberger Berman Group LLC now owns 2,987,818 shares of the utilities provider's stock worth $98,807,000 after buying an additional 1,427,553 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of UGI by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 2,592,251 shares of the utilities provider's stock worth $85,726,000 after buying an additional 56,777 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Trading Down 0.6%

UGI traded down $0.2050 during trading on Tuesday, hitting $34.3850. 478,687 shares of the company's stock were exchanged, compared to its average volume of 1,944,626. The company has a current ratio of 0.70, a quick ratio of 0.56 and a debt-to-equity ratio of 1.16. UGI Corporation has a 1 year low of $23.14 and a 1 year high of $37.42. The stock has a 50 day moving average price of $35.90 and a 200 day moving average price of $34.21. The firm has a market cap of $7.39 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05.

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

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, September 15th. UGI's payout ratio is presently 78.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Zacks Research upgraded shares of UGI to a "hold" rating in a report on Monday, August 11th. Wall Street Zen downgraded shares of UGI from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Finally, 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. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, UGI currently has a consensus rating of "Moderate Buy" and an average price target of $31.33.

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.