UGI Corporation $UGI Shares Sold by Empowered Funds LLC

Key Points

• Empowered Funds LLC reduced its UGI position by 30.1% in the second quarter, selling 61,096 shares and retaining 142,213 shares valued at approximately $4.9 million. Institutional investors and hedge funds collectively own 82.34% of UGI.
• Analyst sentiment is mixed, with UGI carrying a consensus “Hold” rating and a $42 price target. Recent recommendations ranged from Wells Fargo’s “overweight” to Zacks Research’s “strong sell.”
• UGI reported quarterly revenue of $1.33 billion and an adjusted loss of $0.20 per share, missing estimates for $1.50 billion in revenue and a $0.08 loss per share. The company declared a quarterly dividend of $0.375, equivalent to a 3.9% annualized yield.

Empowered Funds LLC lessened its holdings in UGI Corporation (NYSE:UGI - Free Report) by 30.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,213 shares of the utilities provider's stock after selling 61,096 shares during the quarter. Empowered Funds LLC owned approximately 0.07% of UGI worth $4,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UGI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of UGI by 9.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,715 shares of the utilities provider's stock worth $2,603,000 after acquiring an additional 6,649 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of 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 acquiring an additional 116,372 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of 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 acquiring an additional 115,409 shares in the last quarter. Focus Partners Wealth lifted its stake in UGI by 92.6% during the first quarter. Focus Partners Wealth now owns 22,584 shares of the utilities provider's stock worth $747,000 after purchasing an additional 10,861 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in UGI by 15.6% during the second quarter. Baird Financial Group Inc. now owns 28,359 shares of the utilities provider's stock worth $1,033,000 after purchasing an additional 3,825 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UGI has been the topic of several recent analyst reports. Wells Fargo & Company dropped 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. Wall Street Zen upgraded shares of UGI from a "sell" rating to a "hold" rating in a research report on Saturday. Weiss Ratings cut 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 issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, UGI presently has an average rating of "Hold" and a consensus price target of $42.00.

Insider Activity at UGI

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

UGI Price Performance

UGI stock opened at $38.42 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $8.24 billion, a P/E ratio of 12.85 and a beta of 0.93. The business has a 50 day simple moving average of $36.21 and a 200-day simple moving average of $36.12. UGI Corporation has a twelve month low of $31.62 and a twelve month high of $41.34.

UGI (NYSE:UGI - Get Free Report) last announced its earnings results 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 business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, equities analysts anticipate that UGI Corporation will post 2.82 EPS for the current year.

UGI Announces Dividend

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

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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