UGI Corp (UGI) Director Anne Pol Sells 3,000 Shares
UGI Corp (NYSE:UGI) Director Anne Pol sold 3,000 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $57.24, for a total transaction of $171,720.00. Following the transaction, the director now owns 8,478 shares in the company, valued at approximately $485,280.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE UGI opened at $56.56 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.15 and a quick ratio of 0.99. The firm has a market capitalization of $9.95 billion, a PE ratio of 20.64, a PEG ratio of 2.47 and a beta of 0.51. UGI Corp has a 1 year low of $42.51 and a 1 year high of $58.13.
UGI (NYSE:UGI) last announced its quarterly earnings data on Monday, November 12th. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.13. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.22 billion. UGI had a net margin of 11.11% and a return on equity of 12.02%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) earnings per share. As a group, research analysts predict that UGI Corp will post 2.89 earnings per share for the current fiscal year.
UGI has been the topic of a number of research analyst reports. ValuEngine upgraded shares of UGI from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Zacks Investment Research downgraded shares of UGI from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Jefferies Financial Group reiterated a “hold” rating and issued a $54.00 price target on shares of UGI in a research report on Friday, August 17th. Bank of America increased their price objective on shares of UGI from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, July 30th. Finally, Barclays set a $53.00 price objective on shares of UGI and gave the stock a “sell” rating in a research note on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.60.
Several hedge funds and other institutional investors have recently made changes to their positions in UGI. Principal Financial Group Inc. grew its holdings in UGI by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 762,253 shares of the utilities provider’s stock worth $33,858,000 after acquiring an additional 27,266 shares during the period. State of Alaska Department of Revenue boosted its position in shares of UGI by 39.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 19,000 shares of the utilities provider’s stock worth $989,000 after purchasing an additional 5,420 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of UGI by 21.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 22,746 shares of the utilities provider’s stock worth $1,184,000 after purchasing an additional 4,000 shares in the last quarter. Bank of Montreal Can bought a new position in shares of UGI during the 2nd quarter worth about $14,289,000. Finally, Fox Run Management L.L.C. bought a new position in shares of UGI during the 2nd quarter worth about $257,000. 78.87% of the stock is owned by hedge funds and other institutional investors.
UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.
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