Alphasimplex Group LLC acquired a new position in shares of UGI Corp (NYSE:UGI) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,452 shares of the utilities provider’s stock, valued at approximately $635,000.
A number of other institutional investors also recently bought and sold shares of UGI. Bogart Wealth LLC purchased a new stake in UGI during the 1st quarter worth about $28,000. FinTrust Capital Advisors LLC purchased a new stake in UGI during the 1st quarter worth about $28,000. Stone House Investment Management LLC purchased a new stake in UGI during the 1st quarter worth about $39,000. Rockefeller Capital Management L.P. purchased a new stake in UGI during the 1st quarter worth about $41,000. Finally, FNY Investment Advisers LLC increased its position in UGI by 57.8% during the 1st quarter. FNY Investment Advisers LLC now owns 781 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 79.68% of the company’s stock.
A number of analysts recently commented on UGI shares. UBS Group upgraded UGI from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Monday, February 25th. Jefferies Financial Group raised UGI from a “hold” rating to a “buy” rating and raised their price target 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. ValuEngine lowered UGI from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Bank of America raised UGI from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, April 3rd. 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 research note on Monday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $58.00.
In other UGI news, Director Frank S. Hermance purchased 100,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $54.10 per share, with a total value of $5,410,000.00. Following the purchase, the director now owns 250,000 shares in the company, valued at $13,525,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John L. Walsh sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $54.19, for a total value of $2,709,500.00. Following the completion of the sale, the chief executive officer now directly owns 502,226 shares in the company, valued at $27,215,626.94. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
Shares of NYSE:UGI opened at $52.50 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 0.99. UGI Corp has a 12-month low of $48.59 and a 12-month high of $59.31. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62.
UGI (NYSE:UGI) last issued its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.59 billion. Sell-side analysts expect that UGI Corp will post 2.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.29%. This is a positive change from UGI’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, June 13th. UGI’s dividend payout ratio (DPR) is presently 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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