UGI Corp (NYSE:UGI) Sees Significant Increase in Short Interest

UGI Corp (NYSE:UGI) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 6,885,600 shares, an increase of 9.2% from the May 15th total of 6,304,100 shares. Based on an average trading volume of 1,310,000 shares, the days-to-cover ratio is currently 5.3 days. Approximately 4.0% of the shares of the company are sold short.

UGI opened at $52.90 on Friday. UGI has a 1-year low of $50.31 and a 1-year high of $59.31. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $9.21 billion, a P/E ratio of 19.31, a P/E/G ratio of 2.75 and a beta of 0.60. The firm has a fifty day moving average of $52.93.

UGI (NYSE:UGI) last posted its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.13). The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. UGI had a net margin of 5.14% and a return on equity of 10.31%. As a group, analysts forecast that UGI will post 2.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, June 13th. This is an increase from UGI’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 2.27%. UGI’s payout ratio is presently 43.80%.

In related news, Director M Shawn Bort sold 25,500 shares of UGI stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $52.97, for a total value of $1,350,735.00. Following the transaction, the director now directly owns 27,095 shares of the company’s stock, valued at $1,435,222.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John L. Walsh sold 50,000 shares of UGI stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $54.19, for a total transaction of $2,709,500.00. Following the completion of the transaction, the chief executive officer now directly owns 502,226 shares in the company, valued at $27,215,626.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,671 shares of company stock worth $4,545,613. Insiders own 2.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc increased its position in shares of UGI by 1.3% during the third quarter. Vanguard Group Inc now owns 17,941,400 shares of the utilities provider’s stock worth $995,389,000 after acquiring an additional 232,308 shares in the last quarter. BlackRock Inc. increased its position in shares of UGI by 1.8% during the fourth quarter. BlackRock Inc. now owns 17,414,409 shares of the utilities provider’s stock worth $929,060,000 after acquiring an additional 304,579 shares in the last quarter. Deutsche Bank AG increased its position in shares of UGI by 2.6% during the fourth quarter. Deutsche Bank AG now owns 7,223,884 shares of the utilities provider’s stock worth $385,390,000 after acquiring an additional 182,204 shares in the last quarter. Commonwealth Bank of Australia increased its position in shares of UGI by 325.9% during the first quarter. Commonwealth Bank of Australia now owns 2,729,515 shares of the utilities provider’s stock worth $151,254,000 after acquiring an additional 2,088,607 shares in the last quarter. Finally, APG Asset Management N.V. increased its position in shares of UGI by 195.6% during the fourth quarter. APG Asset Management N.V. now owns 2,555,155 shares of the utilities provider’s stock worth $119,247,000 after acquiring an additional 1,690,800 shares in the last quarter. 79.60% of the stock is owned by institutional investors.

UGI has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Wix.Com from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. Jefferies Financial Group restated a “hold” rating and issued a GBX 4,380 ($57.23) target price on shares of Unilever in a research report on Friday, April 5th. Barclays cut their price target on shares of Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a report on Thursday, April 4th. Bank of America lifted their price target on shares of Stagecoach Group from GBX 160 ($2.09) to GBX 190 ($2.48) and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Finally, ValuEngine upgraded shares of Xylem from a “hold” rating to a “buy” rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. UGI presently has an average rating of “Hold” and an average price target of $58.00.

About UGI

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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