Creative Planning lowered its position in shares of UGI Corp (NYSE:UGI) by 11.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,038 shares of the utilities provider’s stock after selling 1,605 shares during the period. Creative Planning’s holdings in UGI were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Guggenheim Capital LLC increased its position in shares of UGI by 59.2% during the first quarter. Guggenheim Capital LLC now owns 117,602 shares of the utilities provider’s stock valued at $3,136,000 after acquiring an additional 43,743 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in UGI by 39.9% in the first quarter. Two Sigma Advisers LP now owns 348,324 shares of the utilities provider’s stock worth $9,290,000 after purchasing an additional 99,300 shares during the last quarter. AXA boosted its holdings in UGI by 22.4% in the first quarter. AXA now owns 139,800 shares of the utilities provider’s stock worth $3,728,000 after purchasing an additional 25,600 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in UGI by 25.2% in the first quarter. Tower Research Capital LLC TRC now owns 9,939 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 2,001 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in UGI by 87.2% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 38,797 shares of the utilities provider’s stock worth $1,035,000 after purchasing an additional 18,077 shares during the last quarter. 79.91% of the stock is owned by institutional investors.
Shares of UGI stock opened at $33.34 on Friday. The company’s fifty day simple moving average is $31.97 and its 200-day simple moving average is $33.51. The stock has a market capitalization of $6.94 billion, a PE ratio of 18.63 and a beta of 0.93. UGI Corp has a 1-year low of $21.75 and a 1-year high of $51.88. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.89 and a quick ratio of 0.80.
UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.04. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.50 billion. UGI had a net margin of 5.69% and a return on equity of 13.36%. The company’s revenue was down 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 EPS. As a group, research analysts anticipate that UGI Corp will post 2.25 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Monday, September 14th. UGI’s dividend payout ratio (DPR) is 57.89%.
In other news, CEO John L. Walsh bought 8,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $29.80 per share, for a total transaction of $238,400.00. Also, CFO Thaddeus J. Jastrzebski bought 7,650 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average price of $32.29 per share, for a total transaction of $247,018.50. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by insiders.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of UGI from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Wednesday, May 27th. Jefferies Financial Group dropped their target price on shares of UGI from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Barclays upgraded shares of UGI from an “underweight” rating to an “equal weight” rating and set a $37.00 target price on the stock in a report on Thursday, July 16th. Finally, UBS Group dropped their target price on shares of UGI from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $37.75.
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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