UGI Corporation $UGI Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its position in UGI Corporation (NYSE:UGI) by 24.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 512,102 shares of the utilities provider’s stock after selling 167,072 shares during the quarter. Squarepoint Ops LLC owned 0.24% of UGI worth $17,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. MSH Capital Advisors LLC bought a new stake in shares of UGI in the 2nd quarter valued at approximately $1,961,000. Landscape Capital Management L.L.C. acquired a new stake in shares of UGI during the 2nd quarter worth approximately $1,949,000. Private Management Group Inc. raised its position in shares of UGI by 10.8% during the 2nd quarter. Private Management Group Inc. now owns 1,057,888 shares of the utilities provider’s stock worth $36,539,000 after purchasing an additional 103,470 shares during the period. The Manufacturers Life Insurance Company acquired a new position in UGI during the 2nd quarter valued at approximately $73,069,000. Finally, PEAK6 LLC bought a new position in UGI during the 2nd quarter worth $1,548,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UGI has been the subject of a number of analyst reports. Weiss Ratings lowered shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded UGI from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Wells Fargo & Company lowered their target price on UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Jefferies Financial Group raised UGI from a “hold” rating to a “buy” rating and raised their price target for the company from $40.00 to $43.00 in a report on Wednesday. Finally, Zacks Research lowered shares of UGI from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Insider Buying and Selling at UGI

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

UGI Trading Up 0.8%

Shares of NYSE UGI opened at $38.59 on Thursday. UGI Corporation has a 12 month low of $31.62 and a 12 month high of $41.34. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 12.91 and a beta of 0.94. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The business has a fifty day simple moving average of $36.67 and a 200-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) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). UGI had a return on equity of 12.80% and a net margin of 9.20%.The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.50 billion. Sell-side analysts predict that UGI Corporation will post 2.82 EPS for the current year.

UGI Announces Dividend

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

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.