Oak Thistle LLC Invests $413,000 in UGI Corporation (NYSE:UGI)

Key Points

• Oak Thistle LLC has acquired a new stake in UGI Corporation worth approximately $413,000, acquiring 12,494 shares in the first quarter.
• UGI recently announced a quarterly dividend of $0.375 per share, leading to an annualized dividend of $1.50 and a yield of 4.16%.
• Wall Street analysts are optimistic, with Mizuho raising its target price for UGI shares from $38.00 to $39.00 and maintaining an "outperform" rating.

Oak Thistle LLC purchased a new position in UGI Corporation (NYSE:UGI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,494 shares of the utilities provider's stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of UGI. Sequoia Financial Advisors LLC purchased a new position in UGI in the first quarter worth $338,000. Red Door Wealth Management LLC purchased a new position in shares of UGI in the 1st quarter worth about $230,000. Meritage Portfolio Management purchased a new position in shares of UGI in the 1st quarter worth about $5,176,000. Jump Financial LLC boosted its holdings in shares of UGI by 190.8% in the 4th quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider's stock worth $964,000 after purchasing an additional 22,411 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in UGI in the first quarter worth approximately $1,124,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen lowered UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Mizuho upped their price objective on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th.

UGI Trading Up 0.0%

UGI stock traded up $0.01 during trading on Tuesday, hitting $35.67. 177,431 shares of the company traded hands, compared to its average volume of 1,965,298. The firm has a market capitalization of $7.65 billion, a PE ratio of 14.68, a P/E/G ratio of 1.72 and a beta of 1.05. UGI Corporation has a 1 year low of $23.09 and a 1 year high of $37.42. The company has a 50-day moving average of $35.95 and a 200-day moving average of $33.63. 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 quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.41. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $3.26 billion. UGI had a return on equity of 16.21% and a net margin of 7.28%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.97 earnings per share. Analysts predict that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.50 annualized dividend and a yield of 4.21%. UGI's payout ratio is currently 61.73%.

About UGI

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.