Meiji Yasuda Life Insurance Co lowered its position in UGI Corp (NYSE:UGI) by 27.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,341 shares of the utilities provider’s stock after selling 7,021 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in UGI were worth $1,016,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Bogart Wealth LLC purchased a new stake in shares of UGI in the first quarter worth approximately $28,000. FinTrust Capital Advisors LLC purchased a new stake in shares of UGI in the first quarter worth approximately $28,000. Stone House Investment Management LLC purchased a new stake in shares of UGI in the first quarter worth approximately $39,000. Rockefeller Capital Management L.P. purchased a new stake in shares of UGI in the first quarter worth approximately $41,000. Finally, FNY Investment Advisers LLC raised its stake in shares of UGI by 57.8% in the first quarter. FNY Investment Advisers LLC now owns 781 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 286 shares during the last quarter. Institutional investors and hedge funds own 79.68% of the company’s stock.
Shares of UGI traded up $0.21 on Wednesday, reaching $52.71. 21,876 shares of the company’s stock traded hands, compared to its average volume of 1,161,806. 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 $9.17 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.71 and a beta of 0.62. UGI Corp has a 52-week low of $48.59 and a 52-week high of $59.31.
UGI (NYSE:UGI) last issued its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.43 EPS for the quarter, missing the Zacks’ consensus estimate of $1.56 by ($0.13). The business had revenue of $2.61 billion for 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%. As a group, equities research analysts predict that UGI Corp will post 2.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. This is an increase from UGI’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, June 13th. UGI’s dividend payout ratio (DPR) is presently 37.96%.
Several brokerages have recently commented on UGI. ValuEngine raised UGI from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Barclays reissued a “sell” rating and issued a $51.00 price objective on shares of UGI in a research note on Thursday, April 4th. Zacks Investment Research raised UGI from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Bank of America raised UGI from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Wednesday, April 3rd. They noted that the move was a valuation call. Finally, Jefferies Financial Group raised UGI from a “hold” rating to a “buy” rating and increased their price target for the company from $54.00 to $60.00 in a research report on Friday, April 5th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. UGI presently has an average rating of “Buy” and a consensus target price of $58.00.
In related news, CEO John L. Walsh sold 50,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $54.19, for a total transaction of $2,709,500.00. Following the completion of the sale, the chief executive officer now directly owns 502,226 shares of the company’s stock, valued at $27,215,626.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank S. Hermance purchased 100,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $54.10 per share, with a total value of $5,410,000.00. Following the completion of the transaction, 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. Company insiders own 2.40% of the company’s stock.
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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