UGI Corp (UGI) Sees Significant Decrease in Short Interest

UGI Corp (NYSE:UGI) was the target of a significant decrease in short interest in the month of December. As of December 29th, there was short interest totalling 1,030,383 shares, a decrease of 53.6% from the December 15th total of 2,218,726 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 826,425 shares, the days-to-cover ratio is currently 1.2 days.

Shares of UGI (UGI) traded down $0.15 during mid-day trading on Wednesday, hitting $43.25. The company’s stock had a trading volume of 792,488 shares, compared to its average volume of 925,490. UGI has a 52 week low of $42.51 and a 52 week high of $52.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.98 and a quick ratio of 0.85. The company has a market cap of $7,489.79, a P/E ratio of 13.39 and a beta of 0.58.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, January 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.08. UGI had a return on equity of 10.88% and a net margin of 8.71%. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the firm posted $0.91 EPS. UGI’s quarterly revenue was up 28.1% compared to the same quarter last year. equities analysts expect that UGI will post 2.62 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 15th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.31%. UGI’s dividend payout ratio (DPR) is currently 30.96%.

In related news, insider Roger Perreault bought 2,270 shares of UGI stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average cost of $43.97 per share, with a total value of $99,811.90. Following the completion of the acquisition, the insider now directly owns 21,049 shares in the company, valued at approximately $925,524.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.36% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UGI. Cerebellum GP LLC bought a new position in shares of UGI in the 4th quarter worth $123,000. Tower Research Capital LLC TRC boosted its position in shares of UGI by 133.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,656 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 2,090 shares during the last quarter. Kistler Tiffany Companies LLC boosted its position in shares of UGI by 41.6% in the 4th quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock worth $198,000 after purchasing an additional 1,242 shares during the last quarter. Unio Capital LLC bought a new position in UGI during the fourth quarter worth about $216,000. Finally, Acropolis Investment Management LLC bought a new position in UGI during the fourth quarter worth about $248,000. 77.42% of the stock is owned by institutional investors.

Several brokerages have weighed in on UGI. Barclays reaffirmed a “sell” rating and issued a $47.00 target price on shares of UGI in a research report on Friday, February 2nd. Zacks Investment Research raised UGI from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Thursday, January 25th.

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UGI Company Profile

UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.

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