Tudor Investment Corp ET AL Has $3.18 Million Stock Holdings in UGI Corporation $UGI

Key Points

• Tudor Investment Corp ET AL boosted its UGI stake by 234.1% in Q3 to 95,545 shares, worth about $3.18 million, and institutional investors now own roughly 82.34% of the stock.
• UGI's most recent quarter missed expectations, reporting EPS of $1.26 versus a $1.50 consensus and revenue of $2.08 billion versus $2.49 billion, while the stock trades near $38 with a 52-week range of $30.59–$41.34.
• Analysts have grown more positive—Mizuho and Weiss among the upgraders—and the consensus is a Moderate Buy with an average target of $44.50; UGI also pays a $0.375 quarterly dividend (~3.9% yield).

Tudor Investment Corp ET AL increased its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 234.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,545 shares of the utilities provider's stock after buying an additional 66,946 shares during the period. Tudor Investment Corp ET AL's holdings in UGI were worth $3,178,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in UGI by 26.7% during the 3rd quarter. SG Americas Securities LLC now owns 208,815 shares of the utilities provider's stock worth $6,945,000 after buying an additional 44,024 shares during the period. Captrust Financial Advisors boosted its position in UGI by 11.2% during the 3rd quarter. Captrust Financial Advisors now owns 2,863,933 shares of the utilities provider's stock worth $95,254,000 after buying an additional 287,764 shares during the period. Foster & Motley Inc. boosted its position in UGI by 10.6% during the 3rd quarter. Foster & Motley Inc. now owns 145,008 shares of the utilities provider's stock worth $4,823,000 after buying an additional 13,892 shares during the period. Goldman Sachs Group Inc. boosted its position 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. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on UGI. Mizuho lifted their target price on shares of UGI from $41.00 to $44.00 and gave the stock an "outperform" rating in a research report on Monday, December 15th. Weiss Ratings upgraded shares of UGI from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, January 26th. Finally, UBS Group restated an "outperform" rating on shares of UGI in a report on Monday, December 15th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.50.

UGI Stock Down 1.0%

UGI stock opened at $38.00 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.64 and a current ratio of 0.78. UGI Corporation has a 52-week low of $30.59 and a 52-week high of $41.34. The firm has a 50 day moving average price of $37.36 and a two-hundred day moving average price of $36.45. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 14.02 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.24). The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.49 billion. UGI had a return on equity of 14.46% and a net margin of 8.17%.The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 EPS. Equities analysts predict that UGI Corporation will post 3.02 EPS for the current year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th were paid a $0.375 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.50 annualized dividend and a dividend yield of 3.9%. UGI's payout ratio is currently 55.35%.

Insider Buying and Selling at UGI

In other news, CAO Jean Felix Tematio sold 12,840 shares of UGI stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $38.07, for a total value of $488,818.80. Following the completion of the sale, the chief accounting officer owned 6,952 shares in the company, valued at $264,662.64. The trade was a 64.87% 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 owned by corporate insiders.

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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