Corient Private Wealth LP purchased a new position in shares of UGI Corporation (NYSE:UGI - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 48,472 shares of the utilities provider's stock, valued at approximately $1,680,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in UGI. Freestone Grove Partners LP acquired a new position in UGI during the 2nd quarter valued at about $427,000. Gallagher Fiduciary Advisors LLC acquired a new stake in UGI in the second quarter worth about $412,000. Man Group plc purchased a new stake in shares of UGI during the second quarter worth about $10,102,000. Miller Value Partners LLC purchased a new stake in shares of UGI during the second quarter worth about $4,179,000. Finally, Jupiter Topco LLC acquired a new position in shares of UGI during the second quarter valued at about $3,389,000. Hedge funds and other institutional investors own 82.34% of the company's stock.
Analyst Ratings Changes
Several brokerages recently commented on UGI. Weiss Ratings lowered shares of UGI from a "buy (b)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of UGI from a "sell" rating to a "hold" rating in a research note on Saturday, August 29th. Wells Fargo & Company cut their price target on shares of UGI from $45.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. Finally, Zacks Research cut shares of UGI from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, UGI presently has a consensus rating of "Hold" and a consensus price target of $42.00.
View Our Latest Research Report on UGI
UGI Price Performance
Shares of NYSE UGI opened at $37.72 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.22. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 12.62 and a beta of 0.94. The firm's 50 day simple moving average is $36.39 and its 200-day simple moving average is $36.11. UGI Corporation has a 12 month low of $31.62 and a 12 month high of $41.34.
UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.12). UGI had a net margin of 9.20% and a return on equity of 12.80%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.50 billion. Analysts expect that UGI Corporation will post 2.82 EPS for the current year.
UGI Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 15th. UGI's dividend payout ratio is presently 50.17%.
Insider Activity
In other news, insider Kathleen Shea-Ballay sold 25,360 shares of the firm's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $33.62, for a total transaction of $852,603.20. Following the sale, the insider directly owned 25,360 shares in the company, valued at $852,603.20. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by insiders.
About UGI
(
Free Report)
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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