Ancora Advisors LLC Lowers Position in UGI Corporation $UGI

Key Points

• Ancora Advisors cut its UGI position by 17.2% in the second quarter, selling 67,978 shares and retaining 327,381 shares worth approximately $11.3 million. Institutional investors collectively own 82.34% of UGI.
• UGI reported quarterly revenue of $1.33 billion and an adjusted loss of $0.20 per share, missing analyst estimates of $1.50 billion and a $0.08 loss per share.
• UGI declared a quarterly dividend of $0.375 per share, equivalent to $1.50 annually and a 3.9% yield. Analysts have a consensus “Hold” rating and an average price target of $42, compared with the stock’s opening price of $38.42.

Ancora Advisors LLC reduced its position in shares of UGI Corporation (NYSE:UGI - Free Report) by 17.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 327,381 shares of the utilities provider's stock after selling 67,978 shares during the period. Ancora Advisors LLC owned approximately 0.15% of UGI worth $11,308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aberdeen Wealth Management LLC acquired a new stake in UGI in the second quarter valued at $42,000. Versant Capital Management Inc grew its stake in shares of UGI by 45.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider's stock worth $44,000 after purchasing an additional 397 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of UGI during the 2nd quarter worth $53,000. Persistent Asset Partners Ltd purchased a new position in shares of UGI in the 2nd quarter valued at about $71,000. Finally, State of Wyoming purchased a new position in shares of UGI in the 2nd quarter valued at about $71,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Insider Buying and Selling at UGI

In related news, insider Kathleen Shea-Ballay sold 25,360 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $33.62, for a total value of $852,603.20. Following the transaction, the insider directly owned 25,360 shares of the company's stock, valued at approximately $852,603.20. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.57% of the company's stock.

UGI Stock Down 0.1%

UGI stock opened at $38.42 on Wednesday. The stock has a market capitalization of $8.24 billion, a P/E ratio of 12.85 and a beta of 0.94. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.22 and a current ratio of 1.44. UGI Corporation has a one year low of $31.62 and a one year high of $41.34. The company has a 50 day moving average price of $36.28 and a two-hundred day moving average price of $36.12.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.12). UGI had a return on equity of 12.80% and a net margin of 9.20%.The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.50 billion. As a group, sell-side analysts expect that UGI Corporation will post 2.82 EPS for the current year.

UGI Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of UGI from a "sell" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company reduced their price objective on UGI from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, August 7th. Weiss Ratings downgraded UGI from a "buy (b)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Finally, Zacks Research cut UGI from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $42.00.

UGI Company 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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