Entropy Technologies LP purchased a new stake in UGI Corporation (NYSE:UGI – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 72,352 shares of the utilities provider’s stock, valued at approximately $2,708,000.
Other hedge funds have also made changes to their positions in the company. Tudor Investment Corp ET AL lifted its position in shares of UGI by 234.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 95,545 shares of the utilities provider’s stock valued at $3,178,000 after acquiring an additional 66,946 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of UGI in the 4th quarter valued at approximately $600,000. Captrust Financial Advisors lifted its position in shares of UGI by 11.2% in the 3rd quarter. Captrust Financial Advisors now owns 2,863,933 shares of the utilities provider’s stock valued at $95,254,000 after acquiring an additional 287,764 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of UGI by 8.9% in the 4th quarter. SG Americas Securities LLC now owns 227,467 shares of the utilities provider’s stock valued at $8,514,000 after acquiring an additional 18,652 shares in the last quarter. Finally, Steel Grove Capital Advisors LLC purchased a new stake in shares of UGI in the 4th quarter valued at approximately $1,696,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.
UGI Stock Down 0.1%
UGI stock opened at $34.98 on Monday. The company has a market capitalization of $7.50 billion, a P/E ratio of 12.27 and a beta of 0.94. The firm’s fifty day simple moving average is $35.58 and its 200-day simple moving average is $37.02. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. UGI Corporation has a 1-year low of $31.62 and a 1-year high of $41.34.
UGI Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.375 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.3%. UGI’s dividend payout ratio (DPR) is presently 52.63%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on UGI shares. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price target (down from $45.00) on shares of UGI in a research report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of UGI in a research report on Friday, April 24th. Finally, Wells Fargo & Company assumed coverage on shares of UGI in a research report on Monday, May 11th. They issued an “overweight” rating and a $46.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.33.
Get Our Latest Research Report on UGI
UGI Company Profile
UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.
AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.
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