UGI Corporation (UGI) Stake Lowered by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP reduced its stake in shares of UGI Corporation (NYSE:UGI) by 7.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,203,290 shares of the utilities provider’s stock after selling 101,193 shares during the period. Dimensional Fund Advisors LP owned approximately 0.70% of UGI Corporation worth $59,444,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in UGI. Pictet Asset Management Ltd. boosted its position in UGI Corporation by 1.5% in the first quarter. Pictet Asset Management Ltd. now owns 62,300 shares of the utilities provider’s stock valued at $3,078,000 after buying an additional 900 shares during the period. Ameriprise Financial Inc. boosted its position in UGI Corporation by 3.0% in the first quarter. Ameriprise Financial Inc. now owns 503,161 shares of the utilities provider’s stock valued at $24,859,000 after buying an additional 14,633 shares during the period. Asset Management One Co. Ltd. boosted its position in UGI Corporation by 18.5% in the first quarter. Asset Management One Co. Ltd. now owns 345,490 shares of the utilities provider’s stock valued at $17,081,000 after buying an additional 54,031 shares during the last quarter. Korea Investment CORP boosted its position in UGI Corporation by 14.4% in the first quarter. Korea Investment CORP now owns 144,300 shares of the utilities provider’s stock valued at $7,128,000 after buying an additional 18,200 shares during the last quarter. Finally, Americafirst Capital Management LLC purchased a new position in UGI Corporation during the first quarter valued at $1,861,000. 78.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of UGI Corporation (UGI) traded down 5.10% during trading on Thursday, reaching $48.17. The company had a trading volume of 997,687 shares. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 14.69 and a beta of 0.67. UGI Corporation has a 1-year low of $41.79 and a 1-year high of $52.00. The company’s 50 day moving average is $49.63 and its 200-day moving average is $48.93.
UGI Corporation (NYSE:UGI) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.07. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.18 billion. UGI Corporation had a net margin of 7.84% and a return on equity of 11.06%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. On average, equities research analysts anticipate that UGI Corporation will post $2.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, September 14th. UGI Corporation’s payout ratio is currently 38.02%.
Several research firms have recently weighed in on UGI. BidaskClub cut UGI Corporation from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research cut UGI Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Barclays PLC reissued a “sell” rating and set a $45.00 price target on shares of UGI Corporation in a report on Friday, July 21st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $46.00 price target on shares of UGI Corporation in a report on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. UGI Corporation has a consensus rating of “Hold” and an average target price of $48.00.
In other UGI Corporation news, Director Roger B. Vincent sold 25,500 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $50.70, for a total transaction of $1,292,850.00. Following the transaction, the director now directly owns 20,266 shares of the company’s stock, valued at approximately $1,027,486.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John L. Walsh sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $50.90, for a total transaction of $2,545,000.00. Following the transaction, the chief executive officer now directly owns 477,617 shares in the company, valued at $24,310,705.30. The disclosure for this sale can be found here. Insiders have sold a total of 97,250 shares of company stock worth $4,954,218 over the last three months. 2.20% of the stock is currently owned by insiders.
UGI Corporation Company Profile
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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