UGI Corporation $UGI Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP boosted its position in UGI Corporation (NYSE:UGI) by 133.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,968 shares of the utilities provider’s stock after acquiring an additional 95,512 shares during the quarter. Engineers Gate Manager LP owned 0.08% of UGI worth $5,767,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of UGI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in UGI by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,715 shares of the utilities provider’s stock worth $2,603,000 after buying an additional 6,649 shares during the period. Goldman Sachs Group Inc. increased its stake in UGI by 14.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider’s stock valued at $30,781,000 after buying an additional 116,372 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in 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 valued at $25,971,000 after purchasing an additional 115,409 shares in the last quarter. Focus Partners Wealth increased its position in UGI by 92.6% during the 1st quarter. Focus Partners Wealth now owns 22,584 shares of the utilities provider’s stock worth $747,000 after purchasing an additional 10,861 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of UGI by 15.6% during the 2nd quarter. Baird Financial Group Inc. now owns 28,359 shares of the utilities provider’s stock worth $1,033,000 after buying an additional 3,825 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Trading Up 0.1%

NYSE:UGI opened at $38.03 on Friday. The company has a market capitalization of $8.16 billion, a PE ratio of 12.72 and a beta of 0.94. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. UGI Corporation has a 52-week low of $31.62 and a 52-week high of $41.34. The stock has a fifty day simple moving average of $36.78 and a 200-day simple moving average of $36.12.

UGI (NYSE:UGI) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.50 billion. UGI had a net margin of 9.20% and a return on equity of 12.80%. On average, equities research analysts expect that UGI Corporation will post 2.82 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th. UGI’s dividend payout ratio (DPR) is 50.17%.

Analysts Set New Price Targets

A number of research firms have commented on UGI. Weiss Ratings downgraded UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of UGI from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Zacks Research cut shares of UGI from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Jefferies Financial Group raised shares of UGI from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $43.00 in a report on Wednesday. Finally, Wells Fargo & Company lowered their target price on shares of UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Insider Activity

In related news, insider Kathleen Shea-Ballay sold 25,360 shares of UGI stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $33.62, for a total transaction of $852,603.20. Following the completion of the transaction, the insider directly 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 document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by corporate insiders.

UGI Company Profile

UGI Corporation (NYSE: UGI) is an energy company headquartered in King of Prussia, Pennsylvania. Founded in 1882, the company operates through businesses that distribute and market natural gas, electricity, propane and other energy products.

Through UGI Utilities, the company provides regulated natural gas and electric service to customers in parts of Pennsylvania and regulated natural gas service in parts of Maryland. UGI also operates energy marketing, midstream and storage businesses that supply natural gas and related services to residential, commercial, industrial and wholesale customers.

UGI is also involved in propane distribution through AmeriGas, which serves customers across the United States, and through international propane operations serving customers in parts of Europe.