Royce & Associates LP lessened its position in shares of UGI Corp (NYSE:UGI) by 47.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,400 shares of the utilities provider’s stock after selling 66,100 shares during the quarter. Royce & Associates LP’s holdings in UGI were worth $4,068,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in shares of UGI by 32.9% in the 1st quarter. Acadian Asset Management LLC now owns 208,485 shares of the utilities provider’s stock valued at $11,554,000 after purchasing an additional 51,616 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in UGI by 7.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 385,211 shares of the utilities provider’s stock worth $21,348,000 after acquiring an additional 25,981 shares during the last quarter. Martingale Asset Management L P grew its position in UGI by 5.8% during the 1st quarter. Martingale Asset Management L P now owns 864,926 shares of the utilities provider’s stock worth $47,936,000 after acquiring an additional 47,559 shares during the last quarter. Great West Life Assurance Co. Can grew its position in UGI by 51.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 279,397 shares of the utilities provider’s stock worth $15,452,000 after acquiring an additional 95,343 shares during the last quarter. Finally, US Bancorp DE grew its position in UGI by 14.0% during the 1st quarter. US Bancorp DE now owns 10,105 shares of the utilities provider’s stock worth $560,000 after acquiring an additional 1,239 shares during the last quarter. 79.60% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the company. ValuEngine lowered UGI from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Zacks Investment Research upgraded UGI from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Jefferies Financial Group raised UGI from a “hold” rating to a “buy” rating and lifted their target price for the stock from $54.00 to $60.00 in a report on Friday, April 5th. They noted that the move was a valuation call. Barclays reaffirmed a “sell” rating and set a $51.00 target price on shares of UGI in a report on Thursday, April 4th. Finally, Bank of America raised UGI from a “neutral” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Wednesday, April 3rd. They noted that the move was a valuation call. One equities 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 stock. The company presently has an average rating of “Hold” and an average price target of $58.00.
In related news, Director Anne Pol sold 6,750 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $52.92, for a total value of $357,210.00. Following the transaction, the director now owns 7,952 shares in the company, valued at $420,819.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John L. Walsh sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $54.19, for a total value of $2,709,500.00. Following the completion of the transaction, the chief executive officer now owns 502,226 shares in the company, valued at approximately $27,215,626.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,671 shares of company stock valued at $4,545,613. 2.40% of the stock is currently owned by corporate insiders.
UGI stock traded down $1.61 during trading on Wednesday, reaching $52.40. 1,114,214 shares of the stock were exchanged, compared to its average volume of 1,148,198. The business’s 50 day simple moving average is $53.22. UGI Corp has a twelve month low of $50.31 and a twelve month high of $59.31. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 2.70 and a beta of 0.62.
UGI (NYSE:UGI) last issued its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.13). The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. UGI had a return on equity of 10.31% and a net margin of 5.14%. As a group, sell-side analysts predict that UGI Corp will post 2.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, June 13th. This is a positive change from UGI’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 2.29%. UGI’s dividend payout ratio is currently 43.80%.
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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