Insider Selling: UGI (NYSE:UGI) Insider Sells 25,360 Shares

UGI Corporation (NYSE:UGI) insider Kathleen Shea-Ballay sold 25,360 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $33.62, for a total value of $852,603.20. Following the completion of the sale, the insider owned 25,360 shares in the company, valued at $852,603.20. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

UGI Trading Up 3.0%

UGI stock traded up $1.02 during mid-day trading on Tuesday, hitting $34.81. 2,624,397 shares of the stock were exchanged, compared to its average volume of 1,950,899. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 1.10. UGI Corporation has a 12 month low of $31.62 and a 12 month high of $41.34. The firm’s fifty day simple moving average is $35.19 and its two-hundred day simple moving average is $36.81. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 12.21 and a beta of 0.94.

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

UGI Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on UGI shares. Jefferies Financial Group reissued a “hold” rating and issued a $40.00 price objective (down from $45.00) on shares of UGI in a research 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 assumed coverage on UGI in a research note on Monday, May 11th. They set an “overweight” rating and a $46.00 target price for the company. One 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 company. Based on data from MarketBeat, UGI has a consensus rating of “Moderate Buy” and an average target price of $43.33.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UGI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in UGI by 9.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,715 shares of the utilities provider’s stock valued at $2,603,000 after acquiring an additional 6,649 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of UGI by 14.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider’s stock worth $30,781,000 after purchasing an additional 116,372 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of UGI by 17.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 785,327 shares of the utilities provider’s stock worth $25,971,000 after purchasing an additional 115,409 shares in the last quarter. Focus Partners Wealth grew its position in UGI by 92.6% in the 1st quarter. Focus Partners Wealth now owns 22,584 shares of the utilities provider’s stock valued at $747,000 after purchasing an additional 10,861 shares during the period. Finally, Baird Financial Group Inc. grew its position in UGI by 15.6% in the 2nd quarter. Baird Financial Group Inc. now owns 28,359 shares of the utilities provider’s stock valued at $1,033,000 after purchasing an additional 3,825 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Company Profile

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.