Envestnet Portfolio Solutions Inc. Acquires 9,266 Shares of UGI Corporation (NYSE:UGI)

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of UGI Corporation (NYSE:UGI) by 63.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,822 shares of the utilities provider’s stock after buying an additional 9,266 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in UGI were worth $788,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. AIA Group Ltd raised its holdings in shares of UGI by 1.8% in the 4th quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider’s stock worth $509,000 after acquiring an additional 323 shares during the last quarter. Quintet Private Bank Europe S.A. increased its holdings in UGI by 25.3% during the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,880 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 380 shares in the last quarter. US Bancorp DE raised its stake in shares of UGI by 3.7% in the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider’s stock worth $306,000 after purchasing an additional 388 shares during the last quarter. State of Wyoming lifted its holdings in shares of UGI by 4.6% in the fourth quarter. State of Wyoming now owns 10,005 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 444 shares in the last quarter. Finally, Invst LLC boosted its position in shares of UGI by 1.7% during the fourth quarter. Invst LLC now owns 27,944 shares of the utilities provider’s stock valued at $789,000 after buying an additional 474 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen raised UGI from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 14th. Mizuho increased their target price on shares of UGI from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, May 15th.

UGI Price Performance

Shares of NYSE UGI opened at $35.68 on Thursday. The company has a market capitalization of $7.65 billion, a PE ratio of 14.68, a PEG ratio of 2.24 and a beta of 1.06. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.31. The stock’s 50 day moving average price is $34.95 and its 200-day moving average price is $32.32. UGI Corporation has a twelve month low of $22.01 and a twelve month high of $36.74.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.41. UGI had a return on equity of 16.21% and a net margin of 7.28%. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the company posted $1.97 earnings per share. UGI’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that UGI Corporation will post 3.02 EPS for the current year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 16th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Monday, June 16th. UGI’s dividend payout ratio (DPR) is currently 61.73%.

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.