UGI Corporation (UGI) Short Interest Up 63.5% in August
UGI Corporation (NYSE:UGI) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,723,837 shares, a growth of 63.5% from the August 15th total of 1,054,604 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 683,932 shares, the short-interest ratio is currently 2.5 days.
A number of equities research analysts recently commented on UGI shares. Zacks Investment Research lowered UGI Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Barclays PLC reiterated a “sell” rating and issued a $45.00 target price on shares of UGI Corporation in a research report on Friday, July 21st. BidaskClub lowered UGI Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $46.00 target price on shares of UGI Corporation in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. UGI Corporation presently has a consensus rating of “Hold” and an average price target of $48.00.
Several hedge funds have recently made changes to their positions in UGI. BlackRock Inc. grew its stake in shares of UGI Corporation by 4,111.8% in the 1st quarter. BlackRock Inc. now owns 17,048,089 shares of the utilities provider’s stock valued at $842,176,000 after purchasing an additional 16,643,321 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of UGI Corporation by 145.8% in the 1st quarter. Principal Financial Group Inc. now owns 1,717,047 shares of the utilities provider’s stock valued at $84,821,000 after purchasing an additional 1,018,365 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of UGI Corporation by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 18,875,325 shares of the utilities provider’s stock valued at $932,441,000 after purchasing an additional 666,792 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of UGI Corporation by 961.7% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 444,695 shares of the utilities provider’s stock valued at $21,968,000 after purchasing an additional 402,810 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of UGI Corporation by 4,776.4% in the 2nd quarter. Schroder Investment Management Group now owns 292,584 shares of the utilities provider’s stock valued at $14,179,000 after purchasing an additional 286,584 shares during the last quarter. Institutional investors own 77.59% of the company’s stock.
Shares of UGI Corporation (NYSE:UGI) opened at 47.91 on Tuesday. UGI Corporation has a 12 month low of $41.79 and a 12 month high of $52.00. The company has a 50-day moving average price of $48.90 and a 200-day moving average price of $49.32. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 21.80 and a beta of 0.69.
UGI Corporation (NYSE:UGI) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.18 billion. UGI Corporation had a return on equity of 10.44% and a net margin of 6.48%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. On average, analysts expect that UGI Corporation will post $2.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.09%. UGI Corporation’s dividend payout ratio (DPR) is currently 45.87%.
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About UGI Corporation
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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