Horizon Investment Services LLC Purchases New Holdings in UGI Corporation (NYSE:UGI)

Horizon Investment Services LLC acquired a new position in shares of UGI Corporation (NYSE:UGI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,050 shares of the utilities provider's stock, valued at approximately $266,000.

A number of other institutional investors also recently modified their holdings of UGI. Altshuler Shaham Ltd bought a new position in shares of UGI in the 4th quarter worth about $25,000. Bessemer Group Inc. increased its holdings in shares of UGI by 216.7% in the fourth 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 period. GeoWealth Management LLC purchased a new stake in UGI during the fourth quarter valued at about $27,000. CX Institutional purchased a new stake in shares of UGI during the first quarter worth about $30,000. Finally, Anderson Financial Strategies LLC bought a new position in UGI in the fourth quarter worth about $41,000. 82.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

UGI Stock Up 0.9%

Shares of NYSE:UGI traded up $0.32 during midday trading on Monday, hitting $36.66. 1,251,856 shares of the company's stock traded hands, compared to its average volume of 2,051,356. UGI Corporation has a twelve month low of $23.09 and a twelve month high of $36.96. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.23. The company has a market cap of $7.86 billion, a PE ratio of 10.44, a P/E/G ratio of 2.23 and a beta of 1.05. The firm's fifty day moving average price is $35.79 and its two-hundred day moving average price is $33.30.

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

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 16th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.09%. UGI's dividend payout ratio is presently 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.