GSA Capital Partners LLP Has $613,000 Stock Position in UGI Corporation $UGI

Key Points

• GSA Capital Partners cut its UGI stake by 60.8% in the second quarter, selling 27,587 shares and retaining 17,757 shares worth approximately $613,000. Institutional investors collectively own 82.34% of UGI.
• UGI reported a quarterly loss of $0.20 per share, missing estimates by $0.12, while revenue of $1.33 billion also fell short of expectations. Shares opened at $37.92, down 1.6%.
• UGI declared a quarterly dividend of $0.375, equivalent to $1.50 annually and a 4.0% yield. Analysts maintain an average “Hold” rating with an average price target of $42, though several firms recently lowered ratings or targets.

GSA Capital Partners LLP lowered its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 60.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 17,757 shares of the utilities provider's stock after selling 27,587 shares during the period. GSA Capital Partners LLP's holdings in UGI were worth $613,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Captrust Financial Advisors increased its holdings in UGI by 11.4% in the fourth quarter. Captrust Financial Advisors now owns 3,191,444 shares of the utilities provider's stock valued at $119,456,000 after purchasing an additional 327,511 shares during the period. Russell Investments Group Ltd. raised its position in UGI by 75.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,335,508 shares of the utilities provider's stock worth $46,130,000 after purchasing an additional 575,239 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in UGI by 14.3% during the 1st 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in 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. Finally, Foster & Motley Inc. grew its position in shares of UGI by 9.2% in the 1st quarter. Foster & Motley Inc. now owns 180,398 shares of the utilities provider's stock valued at $6,570,000 after buying an additional 15,211 shares during the last quarter. Institutional investors own 82.34% of the company's stock.

Insider Activity

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 completion of the sale, the insider 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

UGI Stock Down 1.6%

Shares of NYSE UGI opened at $37.92 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The firm has a market cap of $8.13 billion, a PE ratio of 12.68 and a beta of 0.93. The company's fifty day simple moving average is $35.63 and its 200 day simple moving average is $36.14. 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 quarterly earnings results 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). UGI had a net margin of 9.20% and a return on equity of 12.80%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.50 billion. As a group, sell-side analysts forecast that UGI Corporation will post 2.85 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.375 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.50 annualized dividend and a yield of 4.0%. UGI's dividend payout ratio is presently 50.17%.

Analysts Set New Price Targets

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

About UGI

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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