D.A. Davidson & CO. reduced its stake in shares of UGI Corp (NYSE:UGI) by 32.8% in the 4th quarter, Holdings Channel reports. The firm owned 3,938 shares of the utilities provider’s stock after selling 1,921 shares during the quarter. D.A. Davidson & CO.’s holdings in UGI were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in UGI by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 17,941,400 shares of the utilities provider’s stock valued at $995,389,000 after purchasing an additional 232,308 shares during the last quarter. Vanguard Group Inc raised its stake in UGI by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 17,941,400 shares of the utilities provider’s stock valued at $995,389,000 after purchasing an additional 232,308 shares during the last quarter. BlackRock Inc. raised its stake in UGI by 1.0% during the 3rd quarter. BlackRock Inc. now owns 17,109,830 shares of the utilities provider’s stock valued at $949,253,000 after purchasing an additional 173,166 shares during the last quarter. Renaissance Technologies LLC raised its stake in UGI by 8.8% during the 3rd quarter. Renaissance Technologies LLC now owns 2,420,650 shares of the utilities provider’s stock valued at $134,298,000 after purchasing an additional 196,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in UGI by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,127,568 shares of the utilities provider’s stock valued at $118,038,000 after purchasing an additional 17,683 shares during the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.
Shares of UGI stock opened at $53.00 on Thursday. UGI Corp has a 52-week low of $42.72 and a 52-week high of $59.31. The firm has a market capitalization of $9.25 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 2.43 and a beta of 0.64. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 1.03.
UGI (NYSE:UGI) last announced its quarterly earnings data on Tuesday, February 5th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.31). UGI had a net margin of 7.10% and a return on equity of 11.30%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company posted $1.01 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that UGI Corp will post 2.74 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, March 14th. UGI’s dividend payout ratio is 37.96%.
In other news, Director M Shawn Bort sold 9,184 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $57.23, for a total value of $525,600.32. Following the sale, the director now owns 14,345 shares of the company’s stock, valued at approximately $820,964.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John L. Walsh sold 87,500 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $56.91, for a total transaction of $4,979,625.00. Following the completion of the sale, the chief executive officer now directly owns 517,666 shares in the company, valued at approximately $29,460,372.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,684 shares of company stock valued at $5,676,945. Corporate insiders own 2.40% of the company’s stock.
UGI has been the subject of several research analyst reports. ValuEngine upgraded shares of UGI from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd. Zacks Investment Research cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. UBS Group cut shares of UGI from a “buy” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research note on Thursday, December 13th. They noted that the move was a valuation call. Finally, Bank of America increased their price objective on shares of UGI from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, October 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. UGI currently has a consensus rating of “Hold” and a consensus target price of $54.33.
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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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