Renaissance Technologies LLC Grows Stake in UGI Corp (UGI)

Renaissance Technologies LLC lifted its stake in shares of UGI Corp (NYSE:UGI) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,420,650 shares of the utilities provider’s stock after acquiring an additional 196,000 shares during the quarter. Renaissance Technologies LLC owned 1.39% of UGI worth $134,298,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Godshalk Welsh Capital Management Inc. boosted its stake in shares of UGI by 19.2% during the 3rd quarter. Godshalk Welsh Capital Management Inc. now owns 5,900 shares of the utilities provider’s stock worth $327,000 after acquiring an additional 950 shares in the last quarter. Stillwater Capital Advisors LLC boosted its position in shares of UGI by 25.8% in the third quarter. Stillwater Capital Advisors LLC now owns 4,876 shares of the utilities provider’s stock worth $271,000 after buying an additional 1,000 shares during the period. Glen Harbor Capital Management LLC boosted its position in shares of UGI by 3.9% in the second quarter. Glen Harbor Capital Management LLC now owns 27,880 shares of the utilities provider’s stock worth $1,452,000 after buying an additional 1,054 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of UGI by 21.0% in the second quarter. Daiwa Securities Group Inc. now owns 6,290 shares of the utilities provider’s stock worth $328,000 after buying an additional 1,090 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings 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 worth $8,388,000 after acquiring an additional 1,335 shares in the last quarter. 79.38% of the stock is owned by institutional investors and hedge funds.

In related news, Director M Shawn Bort sold 9,184 shares of UGI stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $57.23, for a total transaction of $525,600.32. Following the sale, the director now directly owns 14,345 shares of the company’s stock, valued at $820,964.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anne Pol sold 3,000 shares of UGI stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $57.24, for a total value of $171,720.00. Following the sale, the director now directly owns 8,478 shares in the company, valued at $485,280.72. The disclosure for this sale can be found here. Insiders sold 109,279 shares of company stock worth $6,221,941 over the last quarter. 2.36% of the stock is currently owned by corporate insiders.

Several brokerages recently issued reports on UGI. ValuEngine upgraded UGI from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research reiterated a “sell” rating on shares of UGI in a report on Saturday, November 17th. Bank of America increased their price objective on UGI from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, October 29th. Barclays set a $53.00 target price on UGI and gave the company a “sell” rating in a report on Friday, October 12th. Finally, Jefferies Financial Group restated a “hold” rating and set a $54.00 target price on shares of UGI in a report on Friday, August 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $52.60.

UGI stock opened at $58.96 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.91 and a current ratio of 1.09. The stock has a market capitalization of $10.18 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. UGI Corp has a 52 week low of $42.51 and a 52 week high of $59.31.

UGI (NYSE:UGI) last posted its quarterly earnings data on Monday, November 12th. The utilities provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.13. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.22 billion. UGI had a return on equity of 12.12% and a net margin of 11.11%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) earnings per share. Analysts anticipate that UGI Corp will post 2.88 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Friday, December 14th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.76%. UGI’s payout ratio is presently 37.96%.

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About UGI

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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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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