Loudon Investment Management LLC Acquires Shares of 53,105 UGI Corporation (NYSE:UGI)

Loudon Investment Management LLC acquired a new position in shares of UGI Corporation (NYSE:UGI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 53,105 shares of the utilities provider's stock, valued at approximately $1,756,000.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. increased its stake in UGI by 216.7% during the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 611 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in UGI during the 4th quarter valued at approximately $25,000. CX Institutional acquired a new position in UGI during the 1st quarter valued at approximately $30,000. GeoWealth Management LLC acquired a new position in UGI during the 4th quarter valued at approximately $27,000. Finally, Private Trust Co. NA increased its stake in UGI by 36.1% during the 1st quarter. Private Trust Co. NA now owns 1,395 shares of the utilities provider's stock valued at $46,000 after purchasing an additional 370 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

Analyst Upgrades and Downgrades

UGI has been the topic of a number of research reports. Mizuho increased 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. Wall Street Zen lowered shares of UGI from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th.

UGI Stock Performance

Shares of NYSE:UGI traded down $0.69 during midday trading on Thursday, reaching $35.84. The company's stock had a trading volume of 1,293,186 shares, compared to its average volume of 1,981,355. The firm has a market capitalization of $7.68 billion, a PE ratio of 14.75, a P/E/G ratio of 2.28 and a beta of 1.05. UGI Corporation has a twelve month low of $23.09 and a twelve month high of $37.42. The stock has a fifty day moving average of $35.93 and a 200 day moving average of $33.40. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.31.

UGI (NYSE:UGI - Get Free Report) last announced 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. UGI had a net margin of 7.28% and a return on equity of 16.21%. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the firm posted $1.97 earnings per share. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts expect that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently declared 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. This represents a $1.50 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Monday, June 16th. UGI's dividend payout ratio (DPR) 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.