96,040 Shares in UGI Corporation $UGI Purchased by Evolve Private Wealth LLC

Evolve Private Wealth LLC acquired a new stake in UGI Corporation (NYSE:UGI) in the second quarter, Holdings Channel.com reports. The firm acquired 96,040 shares of the utilities provider’s stock, valued at approximately $3,353,000.

Several other large investors also recently added to or reduced their stakes in UGI. Fifth Third Wealth Advisors LLC raised its stake in UGI by 4.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,733 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 303 shares in the last quarter. Versant Capital Management Inc grew its stake in UGI by 45.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock worth $44,000 after buying an additional 397 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of UGI by 4.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,842 shares of the utilities provider’s stock worth $368,000 after buying an additional 456 shares during the last quarter. Parallel Advisors LLC raised its position in shares of UGI by 17.0% during the 4th quarter. Parallel Advisors LLC now owns 4,992 shares of the utilities provider’s stock valued at $187,000 after buying an additional 724 shares in the last quarter. Finally, Chase Investment Counsel Corp raised its position in shares of UGI by 3.5% during the 2nd quarter. Chase Investment Counsel Corp now owns 29,656 shares of the utilities provider’s stock valued at $1,024,000 after buying an additional 993 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Trading Down 0.8%

Shares of UGI stock opened at $37.58 on Friday. 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 1-year low of $31.62 and a 1-year high of $41.34. The stock has a market capitalization of $8.06 billion, a PE ratio of 12.57 and a beta of 0.93. The business has a 50-day moving average of $35.68 and a 200 day moving average of $36.15.

UGI (NYSE:UGI) last issued its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) 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 firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.50 billion. As a group, sell-side analysts anticipate that UGI Corporation will post 2.85 earnings per share for the current year.

UGI Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.0%. UGI’s dividend payout ratio is presently 50.17%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UGI shares. Weiss Ratings lowered shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered UGI from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Zacks Research cut UGI from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Jefferies Financial Group reiterated a “hold” rating and set a $40.00 price objective (down from $45.00) on shares of UGI in a research report on Thursday, April 30th. Finally, Wells Fargo & Company decreased their price objective on UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Three 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.00.

Insiders Place Their Bets

In other UGI news, insider Kathleen Shea-Ballay sold 25,360 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was 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 approximately $852,603.20. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.57% of the company’s stock.

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.