Insider Selling: Lon Greenberg Unloads 25,372 Shares of UGI Corp. Stock (UGI)
UGI Corp. (NYSE:UGI) Director Lon Greenberg sold 25,372 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $38.77, for a total value of $983,672.44. Following the completion of the sale, the director now directly owns 382,063 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Jefferies Group initiated coverage on shares of UGI Corp. (NYSE:UGI) in a research note to investors on Wednesday, September 4th. They set a “hold” rating and a $43.00 price target on the stock.
Four investment analysts have rated the stock with a hold rating, UGI Corp. has an average rating of “Hold” and a consensus price target of $40.50.
UGI Corp. (NYSE:UGI) traded down 0.68% on Friday, hitting $38.24. The stock had a trading volume of 438,142 shares. UGI Corp. has a 52 week low of $30.15 and a 52 week high of $43.24. The stock has a 50-day moving average of $40.53 and a 200-day moving average of $39.39. The company has a market cap of $4.363 billion and a price-to-earnings ratio of 16.10.
UGI Corp. (NYSE:UGI) last announced its earnings results on Tuesday, July 30th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts predict that UGI Corp. will post $2.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a dividend of $0.28 per share. This represents a $1.13 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, September 12th.
UGI Corporation (NYSE:UGI) is a holding company that, through subsidiaries, distributes, stores, transports and markets energy products and related services.
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