Canada Pension Plan Investment Board Buys 8,200 Shares of UGI Corporation (UGI)
Canada Pension Plan Investment Board increased its position in UGI Corporation (NYSE:UGI) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 687,108 shares of the utilities provider’s stock after buying an additional 8,200 shares during the period. Canada Pension Plan Investment Board’s holdings in UGI Corporation were worth $33,263,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Invictus RG bought a new position in shares of UGI Corporation during the first quarter worth about $157,000. Penserra Capital Management LLC boosted its position in shares of UGI Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 3,404 shares of the utilities provider’s stock worth $168,000 after buying an additional 296 shares during the last quarter. Steinberg Global Asset Management bought a new position in shares of UGI Corporation during the first quarter worth about $204,000. Quadrature Capital Ltd bought a new position in shares of UGI Corporation during the fourth quarter worth about $208,000. Finally, Mn Services Vermogensbeheer B.V. boosted 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 worth $214,000 after buying an additional 280 shares during the last quarter. 78.16% of the stock is owned by institutional investors and hedge funds.
Shares of UGI Corporation (UGI) opened at 47.89 on Friday. UGI Corporation has a 52-week low of $41.79 and a 52-week high of $52.00. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 21.79 and a beta of 0.67. The company’s 50-day moving average price is $49.16 and its 200-day moving average price is $48.99.
UGI Corporation (NYSE:UGI) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by $0.07. UGI Corporation had a net margin of 6.48% and a return on equity of 10.44%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts forecast that UGI Corporation will post $2.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 annualized dividend and a yield of 2.09%. UGI Corporation’s dividend payout ratio is currently 45.87%.
A number of brokerages have recently issued reports on UGI. Zacks Investment Research raised UGI Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Barclays PLC dropped 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. Jefferies Group LLC reissued a “hold” rating and issued a $46.00 target price on shares of UGI Corporation in a report on Friday, July 14th. Finally, BidaskClub cut UGI Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $47.80.
In other UGI Corporation news, Director Anne Pol sold 6,750 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $50.61, for a total transaction of $341,617.50. Following the completion of the transaction, the director now directly owns 12,062 shares in the company, valued at $610,457.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John L. Walsh sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $50.90, for a total transaction of $2,545,000.00. Following the transaction, the chief executive officer now owns 477,617 shares of the company’s stock, valued at $24,310,705.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,250 shares of company stock valued at $4,954,218. Company insiders own 2.20% of the company’s stock.
UGI Corporation Company Profile
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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