Insider Selling: John L. Walsh Unloads 40,000 Shares of UGI Corp Stock (UGI)
UGI Corp (NYSE:UGI) CEO John L. Walsh unloaded 40,000 shares of UGI Corp stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $50.38, for a total transaction of $2,015,200.00. Following the completion of the sale, the chief executive officer now directly owns 213,844 shares in the company, valued at approximately $10,773,461. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of UGI Corp (NYSE:UGI) traded up 0.23% on Wednesday, hitting $51.58. 59,841 shares of the company’s stock traded hands. UGI Corp has a one year low of $37.88 and a one year high of $51.52. The stock has a 50-day moving average of $49.87 and a 200-day moving average of $47.04. The company has a market cap of $5.928 billion and a price-to-earnings ratio of 17.50. UGI Corp shares are going to split on the morning of Monday, September 8th. The 3-2 split was announced on Tuesday, July 29th. The newly minted shares will be distributed to shareholders after the market closes on Friday, September 5th.
UGI Corp (NYSE:UGI) last announced its earnings results on Tuesday, July 29th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.02. Analysts expect that UGI Corp will post $3.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 11th. This is an increase from UGI Corp’s previous quarterly dividend of $0.20.
Separately, analysts at BMO Capital Markets raised their price target on shares of UGI Corp from $49.00 to $50.00 in a research note on Thursday, July 3rd. They now have a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. UGI Corp currently has a consensus rating of “Hold” and an average target price of $49.00.
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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