Murphy Capital Management Inc. reduced its stake in UGI Corp (NYSE:UGI) by 15.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,600 shares of the utilities provider’s stock after selling 1,550 shares during the period. Murphy Capital Management Inc.’s holdings in UGI were worth $459,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Copeland Capital Management LLC grew its position in UGI by 290.6% in the 2nd quarter. Copeland Capital Management LLC now owns 205,946 shares of the utilities provider’s stock worth $11,000,000 after purchasing an additional 153,217 shares in the last quarter. Sonora Investment Management LLC grew its position in UGI by 37.3% in the 2nd quarter. Sonora Investment Management LLC now owns 37,935 shares of the utilities provider’s stock worth $2,026,000 after purchasing an additional 10,302 shares in the last quarter. Bristlecone Advisors LLC grew its position in UGI by 6.7% in the 2nd quarter. Bristlecone Advisors LLC now owns 30,287 shares of the utilities provider’s stock worth $1,618,000 after purchasing an additional 1,907 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in UGI in the 2nd quarter worth about $282,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in UGI by 2.9% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 140,521 shares of the utilities provider’s stock worth $7,505,000 after purchasing an additional 3,900 shares in the last quarter. 79.37% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on UGI. Zacks Investment Research raised shares of UGI from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Jefferies Financial Group raised shares of UGI from a “hold” rating to a “buy” rating and upped their price objective for the stock from $54.00 to $60.00 in a research report on Friday, April 5th. They noted that the move was a valuation call. UBS Group set a $63.00 price objective on shares of UGI and gave the stock a “buy” rating in a research report on Friday, July 19th. Barclays reaffirmed a “sell” rating and issued a $52.00 price objective on shares of UGI in a research report on Thursday, July 18th. Finally, ValuEngine downgraded shares of UGI from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $58.25.
UGI traded down $0.24 during midday trading on Friday, reaching $51.16. The company had a trading volume of 1,048,140 shares, compared to its average volume of 1,174,182. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $8.90 billion, a PE ratio of 18.67, a PEG ratio of 2.72 and a beta of 0.59. UGI Corp has a 12-month low of $49.62 and a 12-month high of $59.31. The business’s 50-day moving average price is $52.33.
UGI (NYSE:UGI) last released its earnings results on Monday, May 6th. The utilities provider reported $1.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.56 by ($0.13). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. UGI had a net margin of 5.14% and a return on equity of 10.31%. Analysts anticipate that UGI Corp will post 2.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 9th will be paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 2.54%. This is a boost from UGI’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, August 8th. UGI’s payout ratio is presently 43.80%.
In other UGI news, CEO John L. Walsh sold 50,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $54.19, for a total value of $2,709,500.00. Following the transaction, the chief executive officer now directly owns 502,226 shares in the company, valued at $27,215,626.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Anne Pol sold 6,750 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $52.92, for a total transaction of $357,210.00. Following the sale, the director now owns 7,952 shares in the company, valued at $420,819.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,671 shares of company stock worth $4,545,613. Corporate insiders own 2.40% of the company’s stock.
UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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