Insider Selling: UGI Corp CEO Unloads 43,083 Shares of Stock (UGI)
UGI Corp (NYSE:UGI) CEO Jerry E. Sheridan unloaded 43,083 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $51.32, for a total value of $2,211,019.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 issued a buy rating to the company. UGI Corp presently has a consensus rating of “Hold” and an average target price of $49.00.
UGI Corp (NYSE:UGI) traded up 0.45% during mid-day trading on Wednesday, hitting $51.69. 596,900 shares of the company’s stock traded hands. UGI Corp has a 52-week low of $37.88 and a 52-week high of $51.52. The stock’s 50-day moving average is $49.87 and its 200-day moving average is $47.04. The company has a market cap of $5.940 billion and a P/E ratio of 17.50. UGI Corp’s stock is set 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 issued 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.02. On average, analysts predict that UGI Corp will post $3.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, September 11th. This is an increase from UGI Corp’s previous quarterly dividend of $0.20.
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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