Joseph Hartz Sells 15,000 Shares of UGI (NYSE:UGI) Stock

UGI Corporation (NYSE:UGI) insider Joseph Hartz sold 15,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $38.68, for a total value of $580,200.00. Following the completion of the transaction, the insider directly owned 33,492 shares in the company, valued at $1,295,470.56. This trade represents a 30.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

UGI Trading Up 1.3%

UGI stock traded up $0.50 during trading on Friday, reaching $39.55. 999,096 shares of the stock traded hands, compared to its average volume of 1,971,632. The firm has a market capitalization of $8.48 billion, a PE ratio of 20.82 and a beta of 1.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.70 and a quick ratio of 0.56. The business’s 50 day moving average price is $33.85 and its 200-day moving average price is $34.91. UGI Corporation has a 52-week low of $26.73 and a 52-week high of $39.59.

UGI (NYSE:UGI) last released its quarterly earnings data on Friday, November 21st. The utilities provider reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.21. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.52 billion. UGI had a return on equity of 15.73% and a net margin of 5.70%.The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business posted ($1.27) EPS. As a group, sell-side analysts forecast that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Monday, December 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, December 15th. UGI’s payout ratio is 48.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Zacks Research raised shares of UGI to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen lowered UGI from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Jefferies Financial Group restated a “buy” rating and issued a $45.00 target price on shares of UGI in a research note on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of UGI in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Hedge Funds Weigh In On UGI

Hedge funds have recently bought and sold shares of the company. Amalgamated Bank raised its stake in UGI by 0.3% during the second quarter. Amalgamated Bank now owns 98,812 shares of the utilities provider’s stock valued at $3,599,000 after buying an additional 277 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in UGI by 1.9% in the first quarter. Wealthspire Advisors LLC now owns 17,574 shares of the utilities provider’s stock valued at $581,000 after acquiring an additional 323 shares during the period. Belpointe Asset Management LLC grew its holdings in shares of UGI by 3.8% during the first quarter. Belpointe Asset Management LLC now owns 9,758 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 359 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of UGI by 4.2% during the second quarter. EverSource Wealth Advisors LLC now owns 9,544 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 385 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of UGI by 6.8% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 7,414 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 472 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

About UGI

UGI Corporation, together with its subsidiaries, 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 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.