Advisor Resource Council Invests $1.16 Million in UGI Corporation (NYSE:UGI)

Advisor Resource Council bought a new stake in UGI Corporation (NYSE:UGI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,192 shares of the utilities provider's stock, valued at approximately $1,164,000.

Several other large investors also recently modified their holdings of UGI. AIA Group Ltd grew its stake in UGI by 1.8% in the fourth quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock valued at $509,000 after purchasing an additional 323 shares in the last quarter. Quintet Private Bank Europe S.A. raised its stake in shares of 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 boosted its holdings in shares of UGI by 3.7% in the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock valued at $306,000 after buying an additional 388 shares during the last quarter. State of Wyoming grew its stake 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 buying an additional 444 shares in the last quarter. Finally, Invst LLC grew its stake in shares of UGI by 1.7% in 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 in the last quarter. 82.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on UGI shares. Wall Street Zen raised shares of UGI from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 14th. Mizuho boosted their price objective on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th.

UGI Stock Performance

Shares of UGI traded down $0.09 during mid-day trading on Friday, reaching $36.28. The company's stock had a trading volume of 2,447,266 shares, compared to its average volume of 2,083,361. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. UGI Corporation has a 1-year low of $22.01 and a 1-year high of $36.62. The business has a 50-day simple moving average of $34.71 and a two-hundred day simple moving average of $32.18. The stock has a market cap of $7.78 billion, a P/E ratio of 14.93, a PEG ratio of 2.23 and a beta of 1.06.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, beating 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 analysts' expectations of $3.26 billion. During the same quarter in the prior year, the business earned $1.97 EPS. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities research analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Monday, June 16th. 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.