UGI Corporation $UGI Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in UGI Corporation (NYSE:UGI) by 8.9% in the 4th quarter, HoldingsChannel reports. The firm owned 227,467 shares of the utilities provider’s stock after purchasing an additional 18,652 shares during the quarter. SG Americas Securities LLC’s holdings in UGI were worth $8,514,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Princeton Global Asset Management LLC bought a new stake in shares of UGI during the third quarter valued at about $33,000. Bare Financial Services Inc grew its position in UGI by 103.8% in the 3rd quarter. Bare Financial Services Inc now owns 1,345 shares of the utilities provider’s stock valued at $45,000 after buying an additional 685 shares in the last quarter. CoreCap Advisors LLC grew its position in UGI by 2,455.7% in the 3rd quarter. CoreCap Advisors LLC now owns 3,348 shares of the utilities provider’s stock valued at $111,000 after buying an additional 3,217 shares in the last quarter. Quent Capital LLC acquired a new position in UGI during the 3rd quarter valued at about $163,000. Finally, GAMMA Investing LLC raised its position in shares of UGI by 7.8% during the 3rd quarter. GAMMA Investing LLC now owns 9,178 shares of the utilities provider’s stock worth $305,000 after buying an additional 661 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other UGI news, CAO Jean Felix Tematio sold 12,840 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $38.07, for a total value of $488,818.80. Following the transaction, the chief accounting officer owned 6,952 shares of the company’s stock, valued at approximately $264,662.64. This represents a 64.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on UGI shares. UBS Group reaffirmed an “outperform” rating on shares of UGI in a research note on Monday, December 15th. Weiss Ratings raised UGI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Finally, Mizuho upped their target price on UGI from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Monday, December 15th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.50.

UGI Price Performance

Shares of NYSE UGI opened at $36.67 on Tuesday. UGI Corporation has a twelve month low of $29.03 and a twelve month high of $41.34. The company has a current ratio of 0.78, a quick ratio of 0.64 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 13.53 and a beta of 1.08. The firm has a 50-day moving average of $37.76 and a two-hundred day moving average of $36.26.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.24). UGI had a return on equity of 14.46% and a net margin of 8.17%.The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the firm earned $1.37 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, analysts expect that UGI Corporation will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be given a $0.375 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.50 annualized dividend and a yield of 4.1%. UGI’s payout ratio is 55.35%.

About UGI

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.