UGI Corporation $UGI Shares Purchased by Algert Global LLC

Key Points

• Algert Global increased its UGI stake by 51.4% in the second quarter to 148,230 shares valued at approximately $5.12 million. Institutional investors collectively own 82.34% of the utility company.
• Analyst sentiment is mixed but leans toward “Hold,” with an average price target of $42.00; several firms recently downgraded UGI or lowered their price targets.
• UGI reported quarterly EPS of negative $0.20, missing the $0.08 loss analysts expected, while announcing a quarterly dividend of $0.375, equivalent to a 3.9% annualized yield.

Algert Global LLC raised its holdings in shares of UGI Corporation (NYSE:UGI - Free Report) by 51.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,230 shares of the utilities provider's stock after acquiring an additional 50,340 shares during the period. Algert Global LLC owned approximately 0.07% of UGI worth $5,120,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in UGI. Sanctuary Advisors LLC acquired a new position in shares of UGI during the second quarter valued at $9,285,000. PEAK6 LLC acquired a new position in UGI during the 2nd quarter valued at about $1,548,000. Haverford Trust Co bought a new stake in shares of UGI during the 2nd quarter worth about $240,000. Clear Harbor Asset Management LLC acquired a new stake in shares of UGI in the 2nd quarter worth approximately $787,000. Finally, Bank of Nova Scotia bought a new position in shares of UGI in the second quarter valued at approximately $10,515,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Wall Street Analysts Forecast Growth

UGI has been the topic of a number of research analyst reports. Zacks Research lowered shares of UGI from a "hold" rating to a "strong sell" rating in a research note on Monday, July 13th. Wall Street Zen lowered UGI from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Wells Fargo & Company lowered their price target on UGI from $45.00 to $42.00 and set an "overweight" rating on the stock in a research report on Friday, August 7th. Jefferies Financial Group reissued a "hold" rating and issued a $40.00 price objective (down from $45.00) on shares of UGI in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered UGI from a "buy (b)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, UGI presently has an average rating of "Hold" and an average price target of $42.00.

UGI Price Performance

UGI opened at $38.28 on Friday. The firm has a market capitalization of $8.21 billion, a P/E ratio of 12.80 and a beta of 0.93. The stock has a fifty day moving average of $36.03 and a 200-day moving average of $36.11. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. 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 announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported ($0.20) EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.50 billion. Equities analysts forecast that UGI Corporation will post 2.85 EPS for the current fiscal year.

UGI Announces Dividend

The firm also recently announced 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 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 50.17%.

Insider Activity

In related news, insider Kathleen Shea-Ballay sold 25,360 shares of UGI 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 of the company's stock, valued at $852,603.20. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.57% of the company's stock.

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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