Millennium Management LLC Sells 17,287 Shares of UGI Corp (UGI)

Millennium Management LLC reduced its position in shares of UGI Corp (NYSE:UGI) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 873,549 shares of the utilities provider’s stock after selling 17,287 shares during the period. Millennium Management LLC owned about 0.50% of UGI worth $38,803,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of UGI by 1.0% during the first quarter. BlackRock Inc. now owns 16,769,826 shares of the utilities provider’s stock worth $744,917,000 after buying an additional 162,973 shares during the period. First Eagle Investment Management LLC boosted its position in shares of UGI by 0.7% during the first quarter. First Eagle Investment Management LLC now owns 7,592,604 shares of the utilities provider’s stock worth $337,263,000 after buying an additional 49,500 shares during the period. Deutsche Bank AG boosted its position in shares of UGI by 0.7% during the fourth quarter. Deutsche Bank AG now owns 7,509,700 shares of the utilities provider’s stock worth $352,576,000 after buying an additional 48,720 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of UGI by 14.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,389,565 shares of the utilities provider’s stock worth $106,144,000 after buying an additional 307,086 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of UGI by 2.9% during the first quarter. Prudential Financial Inc. now owns 2,365,067 shares of the utilities provider’s stock worth $105,057,000 after buying an additional 66,330 shares during the period. 78.45% of the stock is owned by institutional investors.

Shares of NYSE UGI opened at $51.56 on Monday. UGI Corp has a 52 week low of $42.51 and a 52 week high of $51.85. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 0.95. The company has a market cap of $8.88 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.30 and a beta of 0.57.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, May 2nd. The utilities provider reported $1.69 EPS for the quarter, beating the consensus estimate of $1.51 by $0.18. UGI had a return on equity of 12.21% and a net margin of 10.54%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the firm posted $1.31 earnings per share. The business’s quarterly revenue was up 29.4% compared to the same quarter last year. equities research analysts anticipate that UGI Corp will post 2.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 1st. Shareholders of record on Friday, June 15th will be paid a $0.26 dividend. This is a positive change from UGI’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, June 14th. This represents a $1.04 annualized dividend and a yield of 2.02%. UGI’s dividend payout ratio is currently 45.41%.

Several research firms have recently weighed in on UGI. ValuEngine raised UGI from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Bank of America cut UGI from a “buy” rating to a “neutral” rating and set a $53.00 price target for the company. in a research report on Tuesday, June 5th. They noted that the move was a valuation call. Zacks Investment Research raised UGI from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Tuesday, May 8th. UBS Group raised UGI from a “neutral” rating to a “buy” rating in a research report on Friday, April 20th. Finally, Citigroup reduced their price target on UGI from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.60.

In other UGI news, CEO Jerry E. Sheridan sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $48.44, for a total value of $2,906,400.00. Following the sale, the chief executive officer now owns 49,444 shares in the company, valued at $2,395,067.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jerry E. Sheridan sold 43,332 shares of the company’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $49.41, for a total value of $2,141,034.12. Following the completion of the sale, the chief executive officer now owns 43,332 shares in the company, valued at approximately $2,141,034.12. The disclosure for this sale can be found here. Insiders sold 176,332 shares of company stock worth $8,721,074 in the last 90 days. Corporate insiders own 2.36% of the company’s stock.

UGI Profile

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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