327,381 Shares in UGI Corporation $UGI Acquired by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC acquired 327,381 UGI shares worth approximately $11.3 million, representing a 0.15% stake. Institutional investors collectively own 82.34% of the utility company.
• Analyst sentiment is mixed, with UGI carrying an average “Hold” rating and a $42 price target; several firms recently downgraded the stock or lowered targets. UGI also missed quarterly earnings and revenue estimates.
• UGI declared a quarterly dividend of $0.375 per share, equivalent to an annualized $1.50 dividend and a 3.9% yield.

Ancora Advisors LLC acquired a new stake in UGI Corporation (NYSE:UGI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 327,381 shares of the utilities provider's stock, valued at approximately $11,308,000. Ancora Advisors LLC owned 0.15% of UGI at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UGI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of UGI by 9.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,715 shares of the utilities provider's stock valued at $2,603,000 after purchasing an additional 6,649 shares during the period. Goldman Sachs Group Inc. boosted its holdings in UGI by 14.3% during the first quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider's stock worth $30,781,000 after buying an additional 116,372 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of UGI by 17.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 785,327 shares of the utilities provider's stock worth $25,971,000 after buying an additional 115,409 shares during the period. Focus Partners Wealth increased its stake in shares of UGI by 92.6% in the 1st quarter. Focus Partners Wealth now owns 22,584 shares of the utilities provider's stock valued at $747,000 after acquiring an additional 10,861 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of UGI by 15.6% in the 2nd quarter. Baird Financial Group Inc. now owns 28,359 shares of the utilities provider's stock valued at $1,033,000 after acquiring an additional 3,825 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other UGI news, insider Kathleen Shea-Ballay sold 25,360 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $33.62, for a total transaction of $852,603.20. Following the completion of the transaction, the insider owned 25,360 shares of the company's stock, valued at $852,603.20. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on UGI shares. Weiss Ratings lowered shares of UGI from a "buy (b)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Jefferies Financial Group restated a "hold" rating and set a $40.00 price objective (down from $45.00) on shares of UGI in a report on Thursday, April 30th. Zacks Research downgraded shares of UGI from a "hold" rating to a "strong sell" rating in a research note on Monday, July 13th. Wall Street Zen cut shares of UGI from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Finally, Wells Fargo & Company decreased their price target on shares of UGI from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, UGI presently has an average rating of "Hold" and an average target price of $42.00.

UGI Stock Performance

UGI opened at $38.38 on Wednesday. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 12.83 and a beta of 0.93. The business's 50-day moving average price is $35.84 and its two-hundred day moving average price is $36.10. UGI Corporation has a 1 year low of $31.62 and a 1 year high of $41.34. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.22.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.12). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.50 billion. UGI had a return on equity of 12.80% and a net margin of 9.20%. Equities analysts expect that UGI Corporation will post 2.85 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.375 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.50 annualized dividend and a yield of 3.9%. UGI's payout ratio is presently 50.17%.

UGI Profile

UGI Corporation NYSE: UGI is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company's operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI's largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.

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