Roffman Miller Associates Inc. PA Acquires 27,764 Shares of UGI Corporation (NYSE:UGI)

Roffman Miller Associates Inc. PA grew its position in UGI Corporation (NYSE:UGI - Free Report) by 14.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,034 shares of the utilities provider's stock after purchasing an additional 27,764 shares during the quarter. Roffman Miller Associates Inc. PA owned approximately 0.10% of UGI worth $7,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. FMR LLC boosted its position in shares of UGI by 22.4% in the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock worth $325,469,000 after purchasing an additional 2,110,337 shares during the period. Snyder Capital Management L P boosted its position in shares of UGI by 1.6% in the fourth quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock worth $144,727,000 after purchasing an additional 78,327 shares during the period. Geode Capital Management LLC boosted its position in shares of UGI by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock worth $157,200,000 after purchasing an additional 296,028 shares during the period. Federated Hermes Inc. lifted its holdings in shares of UGI by 25.5% in the fourth quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock worth $140,098,000 after buying an additional 1,007,156 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of UGI by 21.3% in the fourth quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider's stock worth $112,988,000 after buying an additional 703,491 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Price Performance

UGI stock traded down $0.20 during mid-day trading on Tuesday, reaching $35.10. 210,432 shares of the company's stock traded hands, compared to its average volume of 2,066,089. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 2.18 and a beta of 1.05. The stock has a 50 day moving average of $35.39 and a two-hundred day moving average of $32.80. 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 Corporation has a 12-month low of $22.01 and a 12-month high of $36.74.

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

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Monday, June 16th. UGI's payout ratio is presently 61.73%.

Analysts Set New Price Targets

Several equities analysts have recently commented on UGI shares. Mizuho boosted 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 raised shares of UGI from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 14th.

About UGI

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.