UGI Corporation $UGI Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in UGI Corporation (NYSE:UGI) by 42.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 131,938 shares of the utilities provider’s stock after selling 95,529 shares during the quarter. SG Americas Securities LLC’s holdings in UGI were worth $4,805,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of UGI by 7.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,559 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 254 shares during the period. EverSource Wealth Advisors LLC boosted its stake in UGI by 4.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,842 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 456 shares during the period. Parallel Advisors LLC grew its position in UGI by 17.0% in the 4th quarter. Parallel Advisors LLC now owns 4,992 shares of the utilities provider’s stock worth $187,000 after purchasing an additional 724 shares during the last quarter. Waterloo Capital L.P. grew its position in UGI by 2.0% in the 4th quarter. Waterloo Capital L.P. now owns 75,375 shares of the utilities provider’s stock worth $2,821,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Torren Management LLC acquired a new stake in shares of UGI in the fourth quarter valued at approximately $65,000. Institutional investors own 82.34% of the company’s stock.

Insider Transactions at UGI

In other UGI news, insider Kathleen Shea-Ballay sold 25,360 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $33.62, for a total transaction of $852,603.20. Following the completion of the transaction, the insider directly owned 25,360 shares of the company’s stock, valued at approximately $852,603.20. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 price target (down from $45.00) on shares of UGI in a report on Thursday, April 30th. Weiss Ratings upgraded UGI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Finally, Wells Fargo & Company initiated coverage on UGI in a research note on Monday, May 11th. They set an “overweight” rating and a $46.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, UGI currently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

UGI Stock Down 1.7%

UGI stock opened at $34.84 on Tuesday. UGI Corporation has a 52 week low of $31.62 and a 52 week high of $41.34. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 12.22 and a beta of 0.94. The company’s 50-day moving average price is $34.95 and its two-hundred day moving average price is $36.71. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10.

UGI (NYSE:UGI) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.09 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.02). The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $3.08 billion. UGI had a return on equity of 13.81% and a net margin of 8.71%.The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $2.21 earnings per share. On average, analysts expect that UGI Corporation will post 2.89 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, June 15th. UGI’s dividend payout ratio is 52.63%.

About UGI

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.