World Asset Management Inc Has $574,000 Stake in UGI Corporation (UGI)
World Asset Management Inc increased its position in UGI Corporation (NYSE:UGI) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,858 shares of the utilities provider’s stock after buying an additional 124 shares during the period. World Asset Management Inc’s holdings in UGI Corporation were worth $574,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp raised its stake in UGI Corporation by 0.4% in the first quarter. Stifel Financial Corp now owns 10,051 shares of the utilities provider’s stock worth $495,000 after buying an additional 37 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in UGI Corporation by 0.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,089 shares of the utilities provider’s stock worth $548,000 after buying an additional 40 shares in the last quarter. River Wealth Advisors LLC raised its stake in UGI Corporation by 0.8% in the first quarter. River Wealth Advisors LLC now owns 5,671 shares of the utilities provider’s stock worth $280,000 after buying an additional 47 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in UGI Corporation by 0.8% in the second quarter. Xact Kapitalforvaltning AB now owns 13,383 shares of the utilities provider’s stock worth $648,000 after buying an additional 103 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its stake in UGI Corporation by 3.0% in the first quarter. Eqis Capital Management Inc. now owns 5,056 shares of the utilities provider’s stock worth $250,000 after buying an additional 146 shares in the last quarter. Institutional investors own 78.16% of the company’s stock.
UGI Corporation (NYSE UGI) opened at 48.01 on Thursday. UGI Corporation has a 12 month low of $41.79 and a 12 month high of $52.00. The firm has a market capitalization of $8.31 billion, a P/E ratio of 18.10 and a beta of 0.67. The stock’s 50 day moving average price is $49.24 and its 200-day moving average price is $48.98.
UGI Corporation (NYSE:UGI) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.07. UGI Corporation had a net margin of 6.48% and a return on equity of 10.44%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm earned $0.23 earnings per share. UGI Corporation’s revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that UGI Corporation will post $2.32 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be given a $0.25 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. UGI Corporation’s dividend payout ratio (DPR) is presently 45.87%.
A number of analysts have weighed in on the company. Jefferies Group LLC restated a “hold” rating and set a $46.00 target price on shares of UGI Corporation in a report on Wednesday, April 19th. Barclays PLC lowered their target price on UGI Corporation from $44.00 to $43.00 and set an “underweight” rating for the company in a report on Tuesday, May 2nd. Zacks Investment Research lowered UGI Corporation from a “buy” rating to a “hold” rating in a report on Saturday, April 22nd. Finally, BidaskClub lowered UGI Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.00.
In related news, Director Anne Pol sold 6,750 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $50.61, for a total value of $341,617.50. Following the completion of the sale, the director now directly owns 12,062 shares of the company’s stock, valued at $610,457.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph L. Hartz sold 15,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $51.65, for a total transaction of $774,750.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,250 shares of company stock valued at $4,954,218. 2.20% of the stock is owned by corporate insiders.
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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