Canada Pension Plan Investment Board Invests $1.67 Million in UGI Corporation $UGI

Key Points

• Canada Pension Plan Investment Board acquired 48,200 UGI shares worth approximately $1.67 million, while institutional investors collectively own 82.34% of the company.
• UGI’s latest quarterly results fell short of expectations, with an adjusted loss of $0.20 per share versus the expected $0.08 loss and revenue of $1.33 billion versus the $1.50 billion estimate.
• UGI declared a quarterly dividend of $0.375 per share, equivalent to a 3.9% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $42, compared with the stock’s reported price of $38.42.

Canada Pension Plan Investment Board acquired a new stake in UGI Corporation (NYSE:UGI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 48,200 shares of the utilities provider's stock, valued at approximately $1,665,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in shares of UGI by 34,940.4% during the second quarter. Captrust Financial Advisors now owns 2,576,169 shares of the utilities provider's stock valued at $93,824,000 after buying an additional 2,568,817 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of UGI in the 2nd quarter valued at about $73,069,000. Russell Investments Group Ltd. lifted its stake in shares of UGI by 75.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,335,508 shares of the utilities provider's stock valued at $46,130,000 after acquiring an additional 575,239 shares during the last quarter. Legal & General Group Plc purchased a new stake in UGI during the 2nd quarter valued at about $12,408,000. Finally, Bank of Nova Scotia purchased a new stake in UGI during the 2nd quarter valued at about $10,515,000. Institutional investors own 82.34% of the company's stock.

Insiders Place Their Bets

In related news, insider Kathleen Shea-Ballay sold 25,360 shares of UGI stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $33.62, for a total value of $852,603.20. Following the sale, the insider owned 25,360 shares in the company, valued at $852,603.20. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.57% of the stock is currently owned by company insiders.

UGI Trading Up 1.1%

UGI opened at $38.42 on Tuesday. The business has a 50 day simple moving average of $36.21 and a two-hundred day simple moving average of $36.12. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 12.85 and a beta of 0.93. 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 Corporation has a one year low of $31.62 and a one year high of $41.34.

UGI (NYSE:UGI - Get Free Report) last released 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 business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.50 billion. UGI had a return on equity of 12.80% and a net margin of 9.20%. Analysts predict that UGI Corporation will post 2.82 EPS for the current year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 3.9%. UGI's dividend payout ratio (DPR) is presently 50.17%.

Wall Street Analyst Weigh In

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