Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of UGI Corp (NYSE:UGI) by 61.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,159 shares of the utilities provider’s stock after selling 219,950 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in UGI were worth $7,499,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of UGI by 1.0% during the third quarter. BlackRock Inc. now owns 17,109,830 shares of the utilities provider’s stock worth $949,253,000 after buying an additional 173,166 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in UGI by 17.7% in the second quarter. Renaissance Technologies LLC now owns 2,224,650 shares of the utilities provider’s stock worth $115,838,000 after purchasing an additional 335,000 shares during the period. Bank of New York Mellon Corp boosted its holdings in UGI by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 2,127,568 shares of the utilities provider’s stock worth $118,038,000 after purchasing an additional 17,683 shares during the period. Northern Trust Corp boosted its holdings in UGI by 1.4% in the second quarter. Northern Trust Corp now owns 1,644,961 shares of the utilities provider’s stock worth $85,654,000 after purchasing an additional 22,685 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in UGI by 12.9% in the third quarter. Wells Fargo & Company MN now owns 1,479,598 shares of the utilities provider’s stock worth $82,087,000 after purchasing an additional 169,369 shares during the period. 79.38% of the stock is owned by institutional investors and hedge funds.
In other news, CAO Ann P. Kelly sold 9,595 shares of the business’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $56.80, for a total transaction of $544,996.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne Pol sold 3,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $57.24, for a total transaction of $171,720.00. Following the transaction, the director now directly owns 8,478 shares of the company’s stock, valued at approximately $485,280.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,279 shares of company stock valued at $6,221,941. Corporate insiders own 2.36% of the company’s stock.
UGI has been the subject of a number of research reports. ValuEngine raised shares of UGI from a “hold” rating to a “buy” rating in a report on Friday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $54.00 price objective on shares of UGI in a report on Friday, August 17th. Zacks Investment Research downgraded shares of UGI from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Bank of America lifted their price objective on shares of UGI from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, October 29th. Finally, Barclays set a $53.00 price objective on shares of UGI and gave the stock a “sell” rating in a report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $52.60.
UGI stock opened at $58.96 on Friday. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 2.53 and a beta of 0.55. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.09 and a quick ratio of 0.91. UGI Corp has a 12 month low of $42.51 and a 12 month high of $59.31.
UGI (NYSE:UGI) last released its quarterly earnings data on Monday, November 12th. The utilities provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.13. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion. UGI had a net margin of 11.11% and a return on equity of 12.12%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.02) earnings per share. On average, analysts anticipate that UGI Corp will post 2.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Friday, December 14th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, December 13th. UGI’s dividend payout ratio (DPR) is 37.96%.
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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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