Short Interest in UGI Corp (UGI) Rises By 60.8%

UGI Corp (NYSE:UGI) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 2,605,799 shares, a growth of 60.8% from the January 12th total of 1,620,927 shares. Based on an average trading volume of 900,513 shares, the short-interest ratio is currently 2.9 days. Approximately 1.5% of the company’s stock are short sold.

In related news, insider Roger Perreault purchased 2,270 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were purchased at an average cost of $43.97 per share, with a total value of $99,811.90. Following the completion of the acquisition, the insider now directly owns 21,049 shares of the company’s stock, valued at approximately $925,524.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.36% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in UGI. Cerebellum GP LLC bought a new stake in UGI during the fourth quarter valued at $123,000. Tower Research Capital LLC TRC increased its stake in UGI by 133.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,656 shares of the utilities provider’s stock valued at $172,000 after purchasing an additional 2,090 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in UGI by 41.6% during the fourth quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 1,242 shares during the last quarter. Unio Capital LLC bought a new position in shares of UGI during the fourth quarter worth about $216,000. Finally, Acropolis Investment Management LLC bought a new position in shares of UGI during the fourth quarter worth about $248,000. Hedge funds and other institutional investors own 77.42% of the company’s stock.

Shares of UGI (NYSE:UGI) opened at $43.40 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 0.99. UGI has a 12 month low of $42.51 and a 12 month high of $52.00. The firm has a market cap of $7,614.36, a price-to-earnings ratio of 13.44 and a beta of 0.58.

UGI (NYSE:UGI) last released its earnings results on Wednesday, January 31st. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. UGI had a net margin of 8.71% and a return on equity of 10.88%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. equities research analysts forecast that UGI will post 2.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.00 annualized dividend and a yield of 2.30%. UGI’s payout ratio is 30.96%.

Several analysts recently issued reports on the stock. Barclays reaffirmed a “sell” rating and issued a $47.00 price target on shares of UGI in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of UGI from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Thursday, January 25th.

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UGI Company Profile

UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.

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