First Trust Advisors LP decreased its position in shares of UGI Corp (NYSE:UGI) by 14.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 251,404 shares of the utilities provider’s stock after selling 41,213 shares during the period. First Trust Advisors LP owned about 0.14% of UGI worth $13,933,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund boosted its holdings in UGI by 5,235.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,630,734 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 3,562,679 shares during the period. APG Asset Management N.V. increased its position 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 purchasing an additional 1,690,800 shares in the last quarter. Norges Bank acquired a new position in UGI during the 4th quarter worth approximately $80,030,000. Janus Henderson Group PLC increased its position in UGI by 46.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,515,938 shares of the utilities provider’s stock valued at $84,013,000 after acquiring an additional 481,422 shares during the period. Finally, BlackRock Inc. increased its position in UGI by 1.8% in the 4th quarter. BlackRock Inc. now owns 17,414,409 shares of the utilities provider’s stock valued at $929,060,000 after acquiring an additional 304,579 shares during the period. 79.60% of the stock is owned by institutional investors and hedge funds.
Shares of UGI stock traded down $1.61 on Wednesday, hitting $52.40. The stock had a trading volume of 1,114,214 shares, compared to its average volume of 1,148,198. The company’s 50 day moving average is $53.22. The company has a market cap of $9.30 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.70 and a beta of 0.62. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.10 and a current ratio of 1.23. UGI Corp has a 12-month low of $50.31 and a 12-month high of $59.31.
UGI (NYSE:UGI) last announced its earnings results on Monday, May 6th. The utilities provider reported $1.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.13). UGI had a net margin of 5.14% and a return on equity of 10.31%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. As a group, equities analysts forecast that UGI Corp will post 2.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Thursday, June 13th. This is an increase from UGI’s previous quarterly dividend of $0.26. UGI’s dividend payout ratio (DPR) is 43.80%.
UGI has been the subject of several recent research reports. Zacks Investment Research upgraded shares of UGI from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. ValuEngine cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Barclays reiterated a “sell” rating and set a $51.00 price objective on shares of UGI in a research report on Thursday, April 4th. Bank of America upgraded shares of UGI from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Wednesday, April 3rd. They noted that the move was a valuation call. Finally, Jefferies Financial Group raised shares of UGI from a “hold” rating to a “buy” rating and increased their target price for the stock from $54.00 to $60.00 in a research note on Friday, April 5th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $58.00.
In other UGI news, Director M Shawn Bort sold 25,500 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $52.97, for a total transaction of $1,350,735.00. Following the transaction, the director now owns 27,095 shares in the company, valued at $1,435,222.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Frank S. Hermance acquired 100,000 shares of UGI 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 purchase, the director now owns 250,000 shares of the company’s stock, valued at $13,525,000. The disclosure for this purchase can be found here. Insiders have sold 84,671 shares of company stock valued at $4,545,613 in the last 90 days. 2.40% of the stock is currently owned by corporate insiders.
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.
Recommended Story: How to trade on quiet period expirations
Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.