SG Americas Securities LLC Has $6.95 Million Stock Holdings in UGI Corporation $UGI

SG Americas Securities LLC lifted its holdings in shares of UGI Corporation (NYSE:UGI) by 26.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 208,815 shares of the utilities provider’s stock after buying an additional 44,024 shares during the period. SG Americas Securities LLC owned about 0.10% of UGI worth $6,945,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Princeton Global Asset Management LLC bought a new position in UGI in the third quarter valued at about $33,000. Cullen Frost Bankers Inc. acquired a new stake in shares of UGI in the 2nd quarter valued at approximately $86,000. CoreCap Advisors LLC grew its holdings in shares of UGI by 2,455.7% during the 3rd quarter. CoreCap Advisors LLC now owns 3,348 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 3,217 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in shares of UGI by 2,246.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,215 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 3,078 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in UGI during the 2nd quarter worth approximately $131,000. 82.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at UGI

In other news, insider Joseph L. Hartz sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $38.68, for a total value of $580,200.00. Following the transaction, the insider directly owned 33,492 shares of the company’s stock, valued at $1,295,470.56. The trade was a 30.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.57% of the company’s stock.

UGI Stock Performance

NYSE:UGI opened at $37.04 on Friday. The company has a market capitalization of $7.96 billion, a PE ratio of 11.91 and a beta of 1.07. The company has a 50 day simple moving average of $37.01 and a two-hundred day simple moving average of $35.36. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.70 and a current ratio of 0.89. UGI Corporation has a fifty-two week low of $28.04 and a fifty-two week high of $39.59.

UGI (NYSE:UGI) last issued its quarterly earnings results on Friday, November 21st. The utilities provider reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.21. UGI had a net margin of 9.30% and a return on equity of 15.07%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company earned ($1.27) EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Monday, December 15th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, December 15th. UGI’s dividend payout ratio (DPR) is presently 48.23%.

Wall Street Analysts Forecast Growth

UGI has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of UGI in a report on Monday, December 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $45.00 price objective on shares of UGI in a research note on Wednesday, November 19th. UBS Group reiterated an “outperform” rating on shares of UGI in a research report on Monday, December 15th. Wall Street Zen lowered shares of UGI from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Mizuho raised their price target on shares of UGI from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.50.

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.