UGI (NYSE:UGI) Insider Sells $580,200.00 in Stock

UGI Corporation (NYSE:UGI) insider Joseph Hartz sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $38.68, for a total transaction of $580,200.00. Following the completion of the transaction, the insider owned 33,492 shares in the company, valued at $1,295,470.56. The trade was a 30.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

UGI Stock Up 1.3%

UGI stock opened at $39.55 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56. UGI Corporation has a fifty-two week low of $26.73 and a fifty-two week high of $39.59. The firm has a fifty day moving average price of $33.98 and a two-hundred day moving average price of $34.95. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 20.82 and a beta of 1.06.

UGI (NYSE:UGI) last posted its quarterly earnings data on Friday, November 21st. The utilities provider reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.21. UGI had a return on equity of 15.73% and a net margin of 5.70%.The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the company posted ($1.27) earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, analysts forecast that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Monday, December 15th will be paid a $0.375 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.8%. UGI’s payout ratio is 48.23%.

Hedge Funds Weigh In On UGI

Hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors raised its position in shares of UGI by 34,940.4% during the 2nd quarter. Captrust Financial Advisors now owns 2,576,169 shares of the utilities provider’s stock valued at $93,824,000 after acquiring an additional 2,568,817 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of UGI by 170.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,470,299 shares of the utilities provider’s stock worth $89,968,000 after purchasing an additional 1,556,273 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of UGI by 91.5% during the first quarter. Neuberger Berman Group LLC now owns 2,987,818 shares of the utilities provider’s stock worth $98,807,000 after purchasing an additional 1,427,553 shares during the period. HG Vora Capital Management LLC bought a new stake in UGI in the first quarter valued at about $33,070,000. Finally, Nuveen LLC bought a new stake in UGI in the first quarter valued at about $20,988,000. 82.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UGI. Wall Street Zen lowered UGI from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Zacks Research upgraded UGI to a “hold” rating in a report on Monday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of UGI in a research note on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $45.00 price target on shares of UGI in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.00.

UGI Company Profile

UGI Corporation, together with its subsidiaries, 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 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.