Dynamic Technology Lab Private Ltd bought a new stake in shares of UGI Corp (NYSE:UGI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,325 shares of the utilities provider’s stock, valued at approximately $849,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Two Sigma Securities LLC purchased a new stake in shares of UGI in the 4th quarter worth $231,000. Louisiana State Employees Retirement System raised its position in shares of UGI by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the utilities provider’s stock worth $2,583,000 after acquiring an additional 500 shares in the last quarter. BDO Wealth Advisors LLC increased its position in UGI by 61.0% during the 4th quarter. BDO Wealth Advisors LLC now owns 2,470 shares of the utilities provider’s stock valued at $132,000 after buying an additional 936 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in UGI by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 715,715 shares of the utilities provider’s stock valued at $39,665,000 after buying an additional 6,300 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in UGI during the 1st quarter valued at about $1,147,000. Institutional investors own 79.60% of the company’s stock.
In related news, Director M Shawn Bort sold 25,500 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $52.97, for a total transaction of $1,350,735.00. Following the completion of the sale, the director now directly owns 27,095 shares of the company’s stock, valued at $1,435,222.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frank S. Hermance bought 100,000 shares of the stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of $54.10 per share, with a total value of $5,410,000.00. Following the purchase, the director now directly owns 250,000 shares of the company’s stock, valued at approximately $13,525,000. The disclosure for this purchase can be found here. Insiders have sold a total of 84,671 shares of company stock valued at $4,545,613 in the last three months. Company insiders own 2.40% of the company’s stock.
UGI (NYSE:UGI) last posted its earnings results on Monday, May 6th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.13). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. UGI had a net margin of 5.14% and a return on equity of 10.31%. Equities research analysts forecast that UGI Corp will post 2.48 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.25%. This is a positive change from UGI’s previous quarterly dividend of $0.26. UGI’s dividend payout ratio (DPR) is 43.80%.
UGI has been the topic of a number of research reports. Jefferies Financial Group raised UGI from a “hold” rating to a “buy” rating and increased their price objective for the company from $54.00 to $60.00 in a report on Friday, April 5th. They noted that the move was a valuation call. Bank of America raised UGI from a “neutral” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Wednesday, April 3rd. They noted that the move was a valuation call. ValuEngine lowered UGI from a “buy” rating to a “hold” rating in a report on Friday, June 21st. Barclays reissued a “sell” rating and issued a $51.00 price objective on shares of UGI in a report on Thursday, April 4th. Finally, Zacks Investment Research upgraded UGI from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $58.00.
UGI Company Profile
UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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