Red Door Wealth Management LLC Acquires New Holdings in UGI Corporation (NYSE:UGI)

Red Door Wealth Management LLC 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. The firm bought 6,966 shares of the utilities provider's stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in UGI during the fourth quarter worth approximately $25,000. Bessemer Group Inc. increased its stake in shares of UGI by 216.7% during the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after purchasing an additional 611 shares during the period. GeoWealth Management LLC bought a new position in shares of UGI during the fourth quarter worth approximately $27,000. Flagship Wealth Advisors LLC bought a new stake in UGI in the 4th quarter valued at $30,000. Finally, CX Institutional bought a new stake in UGI in the 1st quarter valued at $30,000. Institutional investors own 82.34% of the company's stock.

UGI Price Performance

Shares of NYSE UGI traded down $0.04 during midday trading on Thursday, reaching $35.16. The company's stock had a trading volume of 1,497,268 shares, compared to its average volume of 2,047,458. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.23. The company has a market cap of $7.54 billion, a P/E ratio of 14.47, a P/E/G ratio of 2.16 and a beta of 1.05. The business's 50 day moving average price is $35.24 and its two-hundred day moving average price is $32.57. UGI Corporation has a fifty-two week low of $22.01 and a fifty-two week high of $36.74.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. The firm had revenue of $2.67 billion for 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 company's revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $1.97 EPS. On average, analysts forecast 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 was paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.27%. The ex-dividend date was Monday, June 16th. UGI's dividend payout ratio is currently 61.73%.

Analyst Ratings Changes

Several research analysts have weighed in on UGI shares. Wall Street Zen upgraded UGI from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. Mizuho upped their price target 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 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.