11,373 Shares in UGI Corporation (NYSE:UGI) Bought by Corundum Trust Company INC

Corundum Trust Company INC purchased a new stake in UGI Corporation (NYSE:UGI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,373 shares of the utilities provider's stock, valued at approximately $376,000. UGI makes up approximately 1.1% of Corundum Trust Company INC's investment portfolio, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Altshuler Shaham Ltd acquired a new stake in shares of UGI during the fourth quarter valued at about $25,000. Bessemer Group Inc. boosted its position in UGI by 216.7% during the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after buying an additional 611 shares during the period. GeoWealth Management LLC acquired a new stake in UGI during the 4th quarter worth approximately $27,000. Flagship Wealth Advisors LLC bought a new stake in UGI during the 4th quarter worth approximately $30,000. Finally, CX Institutional acquired a new position in UGI in the 1st quarter valued at approximately $30,000. 82.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UGI has been the topic of a number of recent research reports. Wall Street Zen raised shares of UGI from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Mizuho lifted their price objective on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th.

UGI Trading Up 0.8%

UGI stock traded up $0.29 during midday trading on Monday, hitting $36.42. The stock had a trading volume of 1,197,815 shares, compared to its average volume of 2,027,086. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. The business has a fifty day moving average price of $35.06 and a two-hundred day moving average price of $32.48. UGI Corporation has a 1-year low of $22.01 and a 1-year high of $36.74. The firm has a market cap of $7.81 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 2.22 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. The firm had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $3.26 billion. UGI had a return on equity of 16.21% and a net margin of 7.28%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.97 EPS. On average, sell-side analysts predict that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.12%. UGI's dividend payout ratio (DPR) is presently 61.73%.

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.