Kathleen Shea-Ballay Sells 25,360 Shares of UGI (NYSE:UGI) Stock

UGI Corporation (NYSE:UGI) insider Kathleen Shea-Ballay sold 25,360 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $33.62, for a total transaction of $852,603.20. Following the completion of the sale, the insider directly owned 25,360 shares of the company’s stock, valued at approximately $852,603.20. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

UGI Price Performance

Shares of UGI stock opened at $34.88 on Thursday. The company has a market capitalization of $7.48 billion, a P/E ratio of 12.24 and a beta of 0.93. The company’s 50-day simple moving average is $35.08 and its two-hundred day simple moving average is $36.77. UGI Corporation has a one year low of $31.62 and a one year high of $41.34. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.00 and a quick ratio of 0.87.

UGI (NYSE:UGI) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.02). The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.08 billion. UGI had a net margin of 8.71% and a return on equity of 13.81%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.21 EPS. As a group, equities analysts anticipate that UGI Corporation will post 2.89 EPS for the current year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.3%. UGI’s payout ratio is 52.63%.

Institutional Investors Weigh In On UGI

Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its stake in UGI by 34,940.4% in the second quarter. Captrust Financial Advisors now owns 2,576,169 shares of the utilities provider’s stock valued at $93,824,000 after purchasing an additional 2,568,817 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of UGI by 14.3% during the first quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider’s stock valued at $30,781,000 after buying an additional 116,372 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of UGI by 17.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 785,327 shares of the utilities provider’s stock valued at $25,971,000 after buying an additional 115,409 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of UGI in the 4th quarter valued at about $2,708,000. Finally, Tudor Investment Corp ET AL boosted its holdings in shares of UGI by 234.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 95,545 shares of the utilities provider’s stock valued at $3,178,000 after buying an additional 66,946 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on UGI. Jefferies Financial Group reissued a “hold” rating and set a $40.00 price target (down from $45.00) on shares of UGI in a research report on Thursday, April 30th. Wells Fargo & Company assumed coverage on UGI in a report on Monday, May 11th. They issued an “overweight” rating and a $46.00 price objective for the company. Finally, Weiss Ratings raised shares of UGI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, UGI presently has an average rating of “Moderate Buy” and an average price target of $43.33.

About UGI

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.