Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of UGI Corp (NYSE:UGI) by 61.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,159 shares of the utilities provider’s stock after selling 219,950 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of UGI worth $7,499,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in UGI. Hennessy Advisors Inc. lifted its holdings in shares of UGI by 199.4% during the 3rd quarter. Hennessy Advisors Inc. now owns 759,752 shares of the utilities provider’s stock worth $42,151,000 after acquiring an additional 506,000 shares during the period. First Quadrant L P CA purchased a new position in UGI in the third quarter valued at approximately $21,862,000. Renaissance Technologies LLC raised its holdings in UGI by 17.7% in the second quarter. Renaissance Technologies LLC now owns 2,224,650 shares of the utilities provider’s stock valued at $115,838,000 after buying an additional 335,000 shares during the period. Canada Pension Plan Investment Board raised its holdings in UGI by 73.8% in the second quarter. Canada Pension Plan Investment Board now owns 618,108 shares of the utilities provider’s stock valued at $32,185,000 after buying an additional 262,400 shares during the period. Finally, Unigestion Holding SA purchased a new position in UGI in the third quarter valued at approximately $12,624,000. Institutional investors and hedge funds own 79.38% of the company’s stock.
UGI has been the topic of several research reports. Jefferies Financial Group restated a “hold” rating and issued a $54.00 price target on shares of UGI in a report on Friday, August 17th. Barclays set a $53.00 price target on shares of UGI and gave the company a “sell” rating in a report on Friday, October 12th. Bank of America raised their price target on shares of UGI from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, October 29th. ValuEngine upgraded shares of UGI from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Finally, Zacks Investment Research restated a “sell” rating on shares of UGI in a report on Saturday, November 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.60.
In other news, CEO John L. Walsh sold 87,500 shares of UGI stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $56.91, for a total transaction of $4,979,625.00. Following the sale, the chief executive officer now owns 517,666 shares in the company, valued at $29,460,372.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director M Shawn Bort sold 9,184 shares of UGI stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $57.23, for a total transaction of $525,600.32. Following the sale, the director now owns 14,345 shares in the company, valued at approximately $820,964.35. The disclosure for this sale can be found here. Insiders have sold 109,279 shares of company stock worth $6,221,941 in the last quarter. Insiders own 2.36% of the company’s stock.
NYSE UGI opened at $58.96 on Friday. UGI Corp has a one year low of $42.51 and a one year high of $59.31. 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 company has a market capitalization of $10.11 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 2.53 and a beta of 0.55.
UGI (NYSE:UGI) last posted its quarterly earnings results on Monday, November 12th. The utilities provider reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.13. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.22 billion. UGI had a net margin of 11.11% and a return on equity of 12.12%. UGI’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) earnings per share. Equities research analysts predict that UGI Corp will post 2.88 EPS for the current year.
The company 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 dividend of $0.26 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.76%. UGI’s dividend payout ratio is currently 37.96%.
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UGI Company Profile
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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