LS Investment Advisors LLC lowered its holdings in UGI Corp (NYSE:UGI) by 2.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,861 shares of the utilities provider’s stock after selling 285 shares during the quarter. LS Investment Advisors LLC’s holdings in UGI were worth $768,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of UGI. Oregon Public Employees Retirement Fund grew its stake in UGI by 5,235.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,630,734 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 3,562,679 shares in the last quarter. APG Asset Management N.V. lifted its holdings in UGI by 195.6% during the 4th quarter. APG Asset Management N.V. now owns 2,555,155 shares of the utilities provider’s stock worth $119,247,000 after buying an additional 1,690,800 shares during the last quarter. Norges Bank purchased a new stake in UGI during the 4th quarter worth about $80,030,000. Federated Investors Inc. PA lifted its holdings in UGI by 739.0% during the 3rd quarter. Federated Investors Inc. PA now owns 680,309 shares of the utilities provider’s stock worth $37,743,000 after buying an additional 599,223 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in UGI by 1.8% during the 4th quarter. BlackRock Inc. now owns 17,414,409 shares of the utilities provider’s stock worth $929,060,000 after buying an additional 304,579 shares during the last quarter. Institutional investors own 81.56% of the company’s stock.
In other UGI news, CEO John L. Walsh sold 50,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $54.19, for a total transaction of $2,709,500.00. Following the sale, the chief executive officer now owns 502,226 shares in the company, valued at approximately $27,215,626.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank S. Hermance bought 100,000 shares of the stock in a transaction on Friday, May 10th. The shares were bought at an average price of $54.10 per share, for a total transaction of $5,410,000.00. Following the acquisition, the director now owns 250,000 shares in the company, valued at approximately $13,525,000. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.
A number of analysts have issued reports on UGI shares. Bank of America raised UGI from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a report on Wednesday, April 3rd. They noted that the move was a valuation call. UBS Group raised UGI from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a report on Monday, February 25th. ValuEngine raised UGI from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Jefferies Financial Group raised UGI from a “hold” rating to a “buy” rating and boosted their target price for the company from $54.00 to $60.00 in a report on Friday, April 5th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised UGI from a “sell” rating to a “hold” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $58.00.
UGI traded up $0.10 on Wednesday, hitting $53.57. 761,697 shares of the company traded hands, compared to its average volume of 1,189,919. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 0.99. UGI Corp has a 12-month low of $48.17 and a 12-month high of $59.31. The company has a market cap of $9.39 billion, a PE ratio of 19.55, a P/E/G ratio of 2.72 and a beta of 0.60.
UGI (NYSE:UGI) last released its earnings results on Monday, May 6th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.13). UGI had a return on equity of 10.31% and a net margin of 5.14%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. As a group, sell-side analysts expect that UGI Corp will post 2.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.24%. This is a boost from UGI’s previous quarterly dividend of $0.26. UGI’s dividend payout ratio is currently 37.96%.
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UGI Company Profile
UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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