Oakbrook Investments LLC Reduces Position in UGI Corporation (UGI)
Oakbrook Investments LLC lowered its stake in shares of UGI Corporation (NYSE:UGI) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,256 shares of the utilities provider’s stock after selling 90 shares during the period. Oakbrook Investments LLC’s holdings in UGI Corporation were worth $351,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of UGI Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 18,875,325 shares of the utilities provider’s stock valued at $932,441,000 after buying an additional 666,792 shares in the last quarter. BlackRock Inc. increased its stake in shares of UGI Corporation by 4,111.8% in the first quarter. BlackRock Inc. now owns 17,048,089 shares of the utilities provider’s stock valued at $842,176,000 after buying an additional 16,643,321 shares in the last quarter. State Street Corp increased its stake in shares of UGI Corporation by 1.2% in the first quarter. State Street Corp now owns 9,193,907 shares of the utilities provider’s stock valued at $454,179,000 after buying an additional 107,289 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of UGI Corporation by 3.1% in the first quarter. First Eagle Investment Management LLC now owns 7,121,890 shares of the utilities provider’s stock valued at $351,821,000 after buying an additional 213,192 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of UGI Corporation by 2.2% in the first quarter. AQR Capital Management LLC now owns 4,247,359 shares of the utilities provider’s stock valued at $209,820,000 after buying an additional 91,005 shares in the last quarter. 78.16% of the stock is owned by institutional investors and hedge funds.
UGI Corporation (NYSE UGI) opened at 48.49 on Monday. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 18.28 and a beta of 0.67. UGI Corporation has a 52-week low of $41.79 and a 52-week high of $52.00. The company’s 50-day moving average price is $49.63 and its 200 day moving average price is $48.93.
UGI Corporation (NYSE:UGI) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.07. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.18 billion. UGI Corporation had a return on equity of 10.45% and a net margin of 6.48%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Equities analysts predict that UGI Corporation will post $2.31 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.00 annualized dividend and a yield of 2.06%. UGI Corporation’s dividend payout ratio is presently 45.87%.
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Several research analysts recently weighed in on UGI shares. Jefferies Group LLC reissued a “hold” rating and set a $46.00 price target on shares of UGI Corporation in a research report on Wednesday, April 19th. Zacks Investment Research lowered UGI Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, April 22nd. Barclays PLC reissued a “sell” rating and set a $45.00 price target on shares of UGI Corporation in a research report on Friday, July 21st. Finally, BidaskClub raised UGI Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $48.00.
In other news, CEO John L. Walsh sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $50.90, for a total value of $2,545,000.00. Following the sale, the chief executive officer now directly owns 477,617 shares in the company, valued at $24,310,705.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph L. Hartz sold 15,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $51.65, for a total value of $774,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,250 shares of company stock worth $4,954,218. Corporate insiders own 2.20% of the company’s stock.
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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