UGI Corporation $UGI Shares Acquired by Foster & Motley Inc.

Foster & Motley Inc. increased its stake in shares of UGI Corporation (NYSE:UGI) by 12.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 131,116 shares of the utilities provider’s stock after purchasing an additional 14,978 shares during the period. Foster & Motley Inc.’s holdings in UGI were worth $4,775,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UGI. GAMMA Investing LLC boosted its position in shares of UGI by 7.3% during the 1st quarter. GAMMA Investing LLC now owns 8,398 shares of the utilities provider’s stock worth $278,000 after purchasing an additional 573 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of UGI during the 1st quarter worth approximately $797,000. QRG Capital Management Inc. purchased a new position in shares of UGI during the 1st quarter worth approximately $534,000. State of Alaska Department of Revenue boosted its position in shares of UGI by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 25,171 shares of the utilities provider’s stock worth $832,000 after purchasing an additional 695 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in UGI by 63.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 23,822 shares of the utilities provider’s stock valued at $788,000 after buying an additional 9,266 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Price Performance

UGI stock opened at $32.38 on Friday. The stock has a market cap of $6.96 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06. The company has a fifty day simple moving average of $33.73 and a 200-day simple moving average of $34.43. UGI Corporation has a 12-month low of $23.14 and a 12-month high of $37.42. 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 (NYSE:UGI) last announced its quarterly earnings results on Wednesday, August 30th. The utilities provider reported $0.06 EPS for the quarter. UGI had a net margin of 5.70% and a return on equity of 15.73%. The firm had revenue of $2.03 billion for the quarter. Equities analysts expect that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, September 15th. UGI’s dividend payout ratio (DPR) is currently 78.95%.

Wall Street Analyst Weigh In

Several brokerages have commented on UGI. Wall Street Zen raised shares of UGI from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of UGI in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of UGI to a “hold” rating in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, UGI currently has a consensus rating of “Moderate Buy” and an average price target of $33.50.

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.