UGI Corporation $UGI Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its position in shares of UGI Corporation (NYSE:UGI) by 133.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 166,968 shares of the utilities provider’s stock after buying an additional 95,512 shares during the quarter. Engineers Gate Manager LP’s holdings in UGI were worth $5,767,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its holdings in UGI by 79.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 28,630 shares of the utilities provider’s stock valued at $989,000 after acquiring an additional 12,661 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of UGI by 0.8% during the 2nd quarter. NewEdge Advisors LLC now owns 93,195 shares of the utilities provider’s stock valued at $3,219,000 after buying an additional 769 shares during the period. Baird Financial Group Inc. increased its holdings in shares of UGI by 22.1% during the 2nd quarter. Baird Financial Group Inc. now owns 33,296 shares of the utilities provider’s stock worth $1,150,000 after buying an additional 6,027 shares during the last quarter. Allworth Financial LP increased its holdings in shares of UGI by 21.9% during the 2nd quarter. Allworth Financial LP now owns 6,431 shares of the utilities provider’s stock worth $222,000 after buying an additional 1,156 shares during the last quarter. Finally, Waverly Advisors LLC raised its position in shares of UGI by 18.7% in the 2nd quarter. Waverly Advisors LLC now owns 17,742 shares of the utilities provider’s stock worth $613,000 after buying an additional 2,789 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at UGI

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

UGI Price Performance

Shares of NYSE UGI opened at $38.03 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.22. UGI Corporation has a 1-year low of $31.62 and a 1-year high of $41.34. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 12.72 and a beta of 0.94. The business has a 50-day moving average of $36.78 and a 200-day moving average of $36.12.

UGI (NYSE:UGI) last announced its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.12). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.50 billion. UGI had a net margin of 9.20% and a return on equity of 12.80%. On average, equities analysts anticipate that UGI Corporation will post 2.82 EPS for the current fiscal year.

UGI Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UGI shares. Jefferies Financial Group raised UGI from a “hold” rating to a “buy” rating and boosted their price target for the company from $40.00 to $43.00 in a research report on Wednesday. Weiss Ratings lowered UGI from a “buy (b)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Zacks Research cut UGI from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Wall Street Zen raised shares of UGI from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Wells Fargo & Company reduced their price target on shares of UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.00.

About UGI

UGI Corporation (NYSE: UGI) is an energy company headquartered in King of Prussia, Pennsylvania. Founded in 1882, the company operates through businesses that distribute and market natural gas, electricity, propane and other energy products.

Through UGI Utilities, the company provides regulated natural gas and electric service to customers in parts of Pennsylvania and regulated natural gas service in parts of Maryland. UGI also operates energy marketing, midstream and storage businesses that supply natural gas and related services to residential, commercial, industrial and wholesale customers.

UGI is also involved in propane distribution through AmeriGas, which serves customers across the United States, and through international propane operations serving customers in parts of Europe.