Jupiter Topco LLC Buys New Position in UGI Corporation $UGI

Jupiter Topco LLC bought a new stake in UGI Corporation (NYSE:UGI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 98,107 shares of the utilities provider’s stock, valued at approximately $3,389,000.

A number of other institutional investors have also modified their holdings of the company. MSH Capital Advisors LLC purchased a new position in shares of UGI during the second quarter valued at approximately $1,961,000. Landscape Capital Management L.L.C. purchased a new stake in UGI in the 2nd quarter worth approximately $1,949,000. The Manufacturers Life Insurance Company acquired a new position in UGI in the 2nd quarter valued at $73,069,000. Csenge Advisory Group purchased a new position in shares of UGI during the 2nd quarter worth $1,014,000. Finally, PEAK6 LLC purchased a new position in shares of UGI during the 2nd quarter worth $1,548,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Stock Performance

Shares of NYSE:UGI opened at $38.42 on Wednesday. The business has a 50-day moving average of $36.28 and a two-hundred day moving average of $36.12. The firm has a market capitalization of $8.24 billion, a PE ratio of 12.85 and a beta of 0.94. 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 12 month low of $31.62 and a 12 month high of $41.34.

UGI (NYSE:UGI) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share (EPS) 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 business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.50 billion. As a group, research analysts forecast that UGI Corporation will post 2.82 earnings per share for the current year.

UGI Announces Dividend

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%.

Insider Transactions at UGI

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 value of $852,603.20. Following the transaction, the insider owned 25,360 shares in the company, valued at $852,603.20. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.57% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on UGI shares. Weiss Ratings downgraded UGI from a “buy (b)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Zacks Research downgraded UGI from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Wall Street Zen raised UGI from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company dropped their price objective on shares of UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.00.

UGI 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.