UGI Corporation $UGI Stock Position Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in UGI Corporation (NYSE:UGI) by 75.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,335,508 shares of the utilities provider’s stock after buying an additional 575,239 shares during the quarter. Russell Investments Group Ltd. owned about 0.62% of UGI worth $46,130,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in UGI by 45.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 397 shares during the last quarter. Torren Management LLC acquired a new position in shares of UGI in the 4th quarter worth approximately $65,000. Colonial Trust Co SC acquired a new position in shares of UGI in the 4th quarter worth approximately $75,000. Horizon Investments LLC bought a new stake in shares of UGI in the 4th quarter worth approximately $93,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of UGI by 7.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,559 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

Insiders Place Their Bets

In other UGI 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 sale, the insider directly owned 25,360 shares of the company’s stock, valued at $852,603.20. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.57% of the company’s stock.

UGI Stock Performance

Shares of UGI opened at $35.38 on Friday. UGI Corporation has a one year low of $31.62 and a one year high of $41.34. The company has a 50-day moving average of $35.41 and a two-hundred day moving average of $36.25. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 11.83 and a beta of 0.93. 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 (NYSE:UGI) last released its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.12). UGI had a return on equity of 12.80% and a net margin of 9.20%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.50 billion. On average, equities research analysts expect that UGI Corporation will post 2.85 earnings per share for the current year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, September 15th. UGI’s payout ratio is presently 50.17%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Zacks Research cut UGI from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Weiss Ratings downgraded UGI from a “buy (b)” rating to a “hold (c+)” rating in a research report on Tuesday. Jefferies Financial Group reissued a “hold” rating and set a $40.00 price objective (down from $45.00) on shares of UGI in a research note on Thursday, April 30th. Finally, Wall Street Zen cut UGI from a “hold” rating to a “sell” rating in a report on Saturday. Three equities research 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, the stock currently has an average rating of “Hold” and a consensus target price of $42.00.

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.