Sanctuary Advisors LLC Buys Shares of 268,818 UGI Corporation $UGI

Sanctuary Advisors LLC purchased a new stake in UGI Corporation (NYSE:UGI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 268,818 shares of the utilities provider’s stock, valued at approximately $9,285,000.

Other hedge funds have also recently modified their holdings of the company. PEAK6 LLC purchased a new position in UGI during the second quarter valued at approximately $1,548,000. Haverford Trust Co purchased a new stake in UGI during the second quarter worth $240,000. Clear Harbor Asset Management LLC bought a new position in shares of UGI in the 2nd quarter worth $787,000. Bank of Nova Scotia purchased a new stake in shares of UGI during the 2nd quarter worth $10,515,000. Finally, Kendall Capital Management purchased a new position in UGI in the second quarter valued at about $2,127,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Price Performance

Shares of NYSE UGI opened at $38.18 on Tuesday. UGI Corporation has a fifty-two week low of $31.62 and a fifty-two week high of $41.34. The company has a market cap of $8.19 billion, a PE ratio of 12.77 and a beta of 0.93. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.22 and a current ratio of 1.44. The business has a 50-day simple moving average of $35.76 and a two-hundred day simple moving average of $36.11.

UGI (NYSE:UGI) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.12). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.50 billion. UGI had a net margin of 9.20% and a return on equity of 12.80%. As a group, equities analysts expect that UGI Corporation will post 2.85 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 3.9%. UGI’s dividend payout ratio is presently 50.17%.

Insider Activity

In other UGI news, insider Kathleen Shea-Ballay sold 25,360 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $33.62, for a total value of $852,603.20. Following the completion of the transaction, the insider owned 25,360 shares of the company’s stock, valued at approximately $852,603.20. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

UGI has been the subject of several analyst reports. Zacks Research lowered shares of UGI from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Weiss Ratings cut shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Jefferies Financial Group restated a “hold” rating and issued a $40.00 target price (down from $45.00) on shares of UGI in a research note on Thursday, April 30th. Wall Street Zen lowered shares of UGI from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Wells Fargo & Company reduced their price target on UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.00.

UGI Profile

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.