Huntleigh Advisors Inc. Acquires 25,163 Shares of UGI Corporation (NYSE:UGI)

Huntleigh Advisors Inc. raised its holdings in UGI Corporation (NYSE:UGI - Free Report) by 266.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,617 shares of the utilities provider's stock after acquiring an additional 25,163 shares during the period. Huntleigh Advisors Inc.'s holdings in UGI were worth $1,145,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. 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 stake in shares of UGI by 216.7% during the fourth 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. GeoWealth Management LLC acquired a new stake in shares of UGI during the fourth quarter valued at about $27,000. Flagship Wealth Advisors LLC acquired a new stake in shares of UGI during the fourth quarter valued at about $30,000. Finally, CX Institutional acquired a new stake in shares of UGI during the first quarter valued at about $30,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Mizuho lifted their price target on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen raised UGI from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th.

UGI Trading Down 0.3%

Shares of UGI stock traded down $0.12 during midday trading on Monday, reaching $35.28. The company had a trading volume of 1,139,211 shares, compared to its average volume of 2,073,313. The stock has a fifty day moving average price of $35.34 and a 200 day moving average price of $32.75. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.23 and a quick ratio of 1.05. The firm has a market cap of $7.57 billion, a PE ratio of 14.52, a P/E/G ratio of 2.18 and a beta of 1.05. UGI Corporation has a fifty-two week low of $22.01 and a fifty-two week high of $36.74.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 16.21% and a net margin of 7.28%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.97 earnings per share. On average, equities analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.25%. UGI's payout ratio is currently 61.73%.

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.