UGI Corp (UGI) CEO Sells $4,979,625.00 in Stock

UGI Corp (NYSE:UGI) CEO John L. Walsh sold 87,500 shares of the company’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $56.91, for a total value of $4,979,625.00. Following the completion of the transaction, the chief executive officer now directly owns 517,666 shares in the company, valued at $29,460,372.06. The sale was disclosed in a filing with the SEC, which is available through this link.

NYSE:UGI opened at $56.72 on Friday. The firm has a market cap of $9.83 billion, a PE ratio of 20.70, a P/E/G ratio of 2.44 and a beta of 0.51. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 0.97. UGI Corp has a fifty-two week low of $42.51 and a fifty-two week high of $58.13.

UGI (NYSE:UGI) last released its earnings results on Monday, November 12th. The utilities provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.13. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion. UGI had a return on equity of 12.02% and a net margin of 11.11%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) EPS. On average, research analysts expect that UGI Corp will post 2.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Friday, December 14th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.83%. UGI’s payout ratio is 37.96%.

A number of research analysts have commented on the company. Bank of America upped their price objective on UGI from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, October 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $54.00 price objective on shares of UGI in a report on Friday, August 17th. Barclays set a $53.00 price objective on UGI and gave the company a “sell” rating in a report on Friday, October 12th. Zacks Investment Research lowered UGI from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, ValuEngine raised UGI from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. UGI has a consensus rating of “Hold” and a consensus target price of $52.60.

Large investors have recently added to or reduced their stakes in the company. Bowling Portfolio Management LLC bought a new stake in shares of UGI during the 3rd quarter valued at $1,614,000. American International Group Inc. lifted its position in shares of UGI by 0.7% during the 2nd quarter. American International Group Inc. now owns 354,208 shares of the utilities provider’s stock valued at $18,444,000 after acquiring an additional 2,299 shares during the period. GSA Capital Partners LLP lifted its position in shares of UGI by 17.2% during the 2nd quarter. GSA Capital Partners LLP now owns 36,438 shares of the utilities provider’s stock valued at $1,897,000 after acquiring an additional 5,356 shares during the period. GAM Holding AG lifted its position in shares of UGI by 272.4% during the 2nd quarter. GAM Holding AG now owns 33,431 shares of the utilities provider’s stock valued at $1,741,000 after acquiring an additional 24,454 shares during the period. Finally, Oakbrook Investments LLC lifted its position in shares of UGI by 35.8% during the 3rd quarter. Oakbrook Investments LLC now owns 11,006 shares of the utilities provider’s stock valued at $611,000 after acquiring an additional 2,900 shares during the period. Hedge funds and other institutional investors own 78.87% of the company’s stock.

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About UGI

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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