Coppell Advisory Solutions LLC Acquires 31,104 Shares of UGI Corporation $UGI

Key Points

• Coppell Advisory Solutions LLC significantly increased its stake in UGI Corporation, boosting its holdings by 1,033.4% during the first quarter, now owning 34,114 shares worth approximately $1.12 million.
• UGI Corporation plans to issue a quarterly dividend of $0.375 per share, translating to an annualized dividend of $1.50 and a yield of 4.4%.
• The company's recent quarterly earnings showed a loss of ($0.01) EPS but outperformed the consensus estimate of ($0.12) EPS, indicating robust financial performance despite lower revenue than expected.

Coppell Advisory Solutions LLC lifted its stake in UGI Corporation (NYSE:UGI - Free Report) by 1,033.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,114 shares of the utilities provider's stock after purchasing an additional 31,104 shares during the period. Coppell Advisory Solutions LLC's holdings in UGI were worth $1,117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of UGI. Mercer Global Advisors Inc. ADV lifted its position in shares of UGI by 36.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 23,218 shares of the utilities provider's stock worth $655,000 after purchasing an additional 6,210 shares during the period. Cetera Investment Advisers lifted its position in shares of UGI by 2.1% in the 4th quarter. Cetera Investment Advisers now owns 25,207 shares of the utilities provider's stock worth $712,000 after purchasing an additional 523 shares during the period. EP Wealth Advisors LLC lifted its position in shares of UGI by 13.5% in the 4th quarter. EP Wealth Advisors LLC now owns 16,391 shares of the utilities provider's stock worth $463,000 after purchasing an additional 1,948 shares during the period. Ethic Inc. lifted its position in shares of UGI by 7.0% in the 4th quarter. Ethic Inc. now owns 101,397 shares of the utilities provider's stock worth $2,862,000 after purchasing an additional 6,639 shares during the period. Finally, Focus Partners Wealth purchased a new stake in shares of UGI in the 4th quarter worth about $331,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Stock Down 0.2%

NYSE:UGI traded down $0.08 on Friday, reaching $34.75. 1,507,715 shares of the stock traded hands, compared to its average volume of 1,582,603. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.66 and a beta of 1.06. 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 12 month low of $23.14 and a 12 month high of $37.42. The company's fifty day simple moving average is $35.38 and its 200 day simple moving average is $34.51.

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 for the quarter, beating analysts' consensus estimates of ($0.12) by $0.11. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.77 billion. UGI had a net margin of 5.70% and a return on equity of 15.73%. UGI's revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. Equities analysts predict that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a $0.375 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.3%. UGI's payout ratio is currently 78.95%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on UGI shares. Wall Street Zen cut shares of UGI from a "buy" rating to a "hold" rating in a research report on Saturday. Zacks Research upgraded shares of UGI to a "hold" rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, UGI has an average rating of "Moderate Buy" and a consensus target price 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.