Jupiter Topco LLC Purchases New Stake in UGI Corporation $UGI

Jupiter Topco LLC acquired a new stake in shares of UGI Corporation (NYSE:UGI) during the second quarter, Holdings Channel reports. The fund acquired 98,107 shares of the utilities provider’s stock, valued at approximately $3,389,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MSH Capital Advisors LLC acquired a new stake in shares of UGI in the 2nd quarter valued at about $1,961,000. Landscape Capital Management L.L.C. bought a new stake in UGI in the second quarter valued at about $1,949,000. The Manufacturers Life Insurance Company acquired a new stake in UGI during the second quarter valued at approximately $73,069,000. Csenge Advisory Group acquired a new stake in UGI during the second quarter valued at approximately $1,014,000. Finally, PEAK6 LLC bought a new position in UGI during the 2nd quarter worth approximately $1,548,000. Institutional investors own 82.34% of the company’s stock.

Insider Activity

In other news, insider Kathleen Shea-Ballay sold 25,360 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $33.62, for a total transaction of $852,603.20. Following the completion of the transaction, the insider owned 25,360 shares in the company, valued at approximately $852,603.20. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target on UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Wall Street Zen raised shares of UGI from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, Zacks Research cut shares of UGI from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $42.00.

UGI Stock Down 0.1%

Shares of UGI stock opened at $38.42 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28. The business’s 50 day simple moving average is $36.28 and its 200-day simple moving average is $36.12. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 12.85 and a beta of 0.94. UGI Corporation has a twelve month low of $31.62 and a twelve month high of $41.34.

UGI (NYSE:UGI) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.50 billion. UGI had a net margin of 9.20% and a return on equity of 12.80%. Equities research analysts forecast that UGI Corporation will post 2.82 earnings per share for the current year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, September 15th. UGI’s dividend payout ratio (DPR) is presently 50.17%.

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.