UGI Corporation $UGI Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of UGI Corporation (NYSE:UGI) by 42.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,938 shares of the utilities provider’s stock after selling 95,529 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of UGI worth $4,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UGI. Captrust Financial Advisors grew its position in shares of UGI by 11.4% during the fourth quarter. Captrust Financial Advisors now owns 3,191,444 shares of the utilities provider’s stock worth $119,456,000 after buying an additional 327,511 shares in the last quarter. Entropy Technologies LP acquired a new stake in UGI in the fourth quarter valued at $2,708,000. Colonial Trust Co SC bought a new position in UGI during the 4th quarter valued at $75,000. Pinebridge Investments LLC acquired a new position in UGI during the 4th quarter worth $1,748,000. Finally, Parallel Advisors LLC grew its holdings in UGI by 17.0% during the 4th quarter. Parallel Advisors LLC now owns 4,992 shares of the utilities provider’s stock worth $187,000 after acquiring an additional 724 shares in the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at UGI

In other UGI news, insider Kathleen Shea-Ballay sold 25,360 shares of UGI stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $33.62, for a total value of $852,603.20. Following the completion of the transaction, the insider directly owned 25,360 shares in the company, valued at $852,603.20. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.57% of the stock is owned by corporate insiders.

UGI Stock Down 1.7%

UGI stock opened at $34.84 on Tuesday. 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 Corporation has a 1-year low of $31.62 and a 1-year high of $41.34. The firm has a fifty day moving average price of $34.95 and a two-hundred day moving average price of $36.71. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 12.22 and a beta of 0.94.

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

UGI Announces Dividend

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

UGI Company Profile

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.