7,890 Shares in UGI Corporation (NYSE:UGI) Bought by Tectonic Advisors LLC

Tectonic Advisors LLC acquired a new stake in UGI Corporation (NYSE:UGI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,890 shares of the utilities provider's stock, valued at approximately $261,000.

Other hedge funds have also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of UGI during the 4th quarter worth about $25,000. Bessemer Group Inc. grew its stake in shares of UGI by 216.7% in the 4th 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 last quarter. GeoWealth Management LLC acquired a new position in shares of UGI in the 4th quarter worth approximately $27,000. Flagship Wealth Advisors LLC acquired a new position in shares of UGI in the 4th quarter worth approximately $30,000. Finally, CX Institutional acquired a new position in shares of UGI in the 1st quarter worth approximately $30,000. 82.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

UGI Stock Performance

Shares of UGI stock traded up $0.32 on Friday, reaching $36.34. The stock had a trading volume of 1,269,846 shares, compared to its average volume of 1,997,808. The business's 50-day moving average price is $35.76 and its two-hundred day moving average price is $33.17. 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 fifty-two week low of $23.09 and a fifty-two week high of $36.74. The stock has a market cap of $7.79 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. UGI had a net margin of 7.28% and a return on equity of 16.21%. The business had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same period in the previous year, the company earned $1.97 earnings per share. UGI's revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 16th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Monday, June 16th. UGI's dividend payout ratio (DPR) 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.