BB&T Corp decreased its position in UGI Corporation (NYSE:UGI) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,692 shares of the utilities provider’s stock after selling 49 shares during the period. BB&T Corp owned approximately 0.05% of UGI Corporation worth $4,342,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in UGI. IFP Advisors Inc raised its position in shares of UGI Corporation by 10.4% in the first quarter. IFP Advisors Inc now owns 5,569 shares of the utilities provider’s stock valued at $275,000 after buying an additional 523 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of UGI Corporation by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 72,395 shares of the utilities provider’s stock valued at $3,576,000 after buying an additional 2,690 shares in the last quarter. ProShare Advisors LLC raised its position in shares of UGI Corporation by 29.7% in the first quarter. ProShare Advisors LLC now owns 212,079 shares of the utilities provider’s stock valued at $10,477,000 after buying an additional 48,596 shares in the last quarter. Korea Investment CORP raised its position in shares of UGI Corporation by 14.4% in the first quarter. Korea Investment CORP now owns 144,300 shares of the utilities provider’s stock valued at $7,128,000 after buying an additional 18,200 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of UGI Corporation by 6.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,623 shares of the utilities provider’s stock valued at $214,000 after buying an additional 280 shares in the last quarter. Institutional investors own 78.16% of the company’s stock.
UGI Corporation (NYSE:UGI) traded down 0.58% during midday trading on Friday, reaching $47.89. The company’s stock had a trading volume of 575,961 shares. The company’s 50-day moving average price is $49.16 and its 200-day moving average price is $48.99. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 21.79 and a beta of 0.67. UGI Corporation has a 1-year low of $41.79 and a 1-year high of $52.00.
UGI Corporation (NYSE:UGI) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.07. UGI Corporation had a return on equity of 10.44% and a net margin of 6.48%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts predict that UGI Corporation will post $2.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.09%. UGI Corporation’s payout ratio is 45.87%.
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Several equities analysts have commented on the stock. BidaskClub lowered shares of UGI Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of UGI Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Barclays PLC restated a “sell” rating and set a $45.00 target price on shares of UGI Corporation in a research report on Friday, July 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $46.00 price target on shares of UGI Corporation in a report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $47.80.
In other news, CEO John L. Walsh sold 50,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $50.90, for a total value of $2,545,000.00. Following the completion of the transaction, the chief executive officer now owns 477,617 shares of the company’s stock, valued at $24,310,705.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anne Pol sold 6,750 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $50.61, for a total value of $341,617.50. Following the completion of the transaction, the director now directly owns 12,062 shares of the company’s stock, valued at approximately $610,457.82. The disclosure for this sale can be found here. In the last three months, insiders sold 97,250 shares of company stock valued at $4,954,218. Company insiders own 2.20% of the company’s stock.
About UGI Corporation
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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