Axa grew its holdings in UGI Corp (NYSE:UGI) by 651.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,422 shares of the utilities provider’s stock after purchasing an additional 96,600 shares during the period. Axa owned about 0.06% of UGI worth $6,182,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in UGI. Stillwater Capital Advisors LLC increased its stake in shares of UGI by 25.8% during the third quarter. Stillwater Capital Advisors LLC now owns 4,876 shares of the utilities provider’s stock valued at $271,000 after buying an additional 1,000 shares during the period. Glen Harbor Capital Management LLC increased its stake in shares of UGI by 3.9% during the second quarter. Glen Harbor Capital Management LLC now owns 27,880 shares of the utilities provider’s stock valued at $1,452,000 after buying an additional 1,054 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of UGI by 21.0% during the second quarter. Daiwa Securities Group Inc. now owns 6,290 shares of the utilities provider’s stock valued at $328,000 after buying an additional 1,090 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of UGI by 0.8% during the second quarter. Great West Life Assurance Co. Can now owns 160,984 shares of the utilities provider’s stock valued at $8,388,000 after buying an additional 1,335 shares during the period. Finally, IFM Investors Pty Ltd increased its stake in shares of UGI by 26.6% during the third quarter. IFM Investors Pty Ltd now owns 6,396 shares of the utilities provider’s stock valued at $355,000 after buying an additional 1,343 shares during the period. Institutional investors and hedge funds own 78.87% of the company’s stock.
Shares of UGI stock opened at $56.77 on Friday. UGI Corp has a 1-year low of $42.51 and a 1-year high of $58.13. The stock has a market cap of $9.90 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.46 and a beta of 0.51. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.91 and a current ratio of 1.09.
UGI (NYSE:UGI) last issued its quarterly earnings data on Monday, November 12th. The utilities provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.13. UGI had a return on equity of 12.12% and a net margin of 11.11%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned ($0.02) earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts anticipate that UGI Corp will post 2.89 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Investors of record on Friday, December 14th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, December 13th. UGI’s payout ratio is currently 37.96%.
UGI has been the topic of several research reports. Zacks Investment Research restated a “sell” rating on shares of UGI in a research note on Saturday, November 17th. ValuEngine upgraded UGI from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Barclays set a $53.00 price target on UGI and gave the company a “sell” rating in a research note on Friday, October 12th. Bank of America raised their price target on UGI from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, October 29th. Finally, Jefferies Financial Group restated a “hold” rating and set a $54.00 price target on shares of UGI in a research note on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. UGI has a consensus rating of “Hold” and an average price target of $52.60.
In related news, Director Anne Pol sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $57.24, for a total transaction of $171,720.00. Following the sale, the director now owns 8,478 shares of the company’s stock, valued at $485,280.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John L. Walsh sold 87,500 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $56.91, for a total value of $4,979,625.00. Following the sale, the chief executive officer now directly owns 517,666 shares in the company, valued at approximately $29,460,372.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,095 shares of company stock worth $5,696,341. 2.36% of the stock is owned by corporate insiders.
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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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