Insider Buying: UGI Corp (UGI) Director Purchases 100,000 Shares of Stock

UGI Corp (NYSE:UGI) Director Frank S. Hermance purchased 100,000 shares of the stock in a transaction on Friday, May 10th. The shares were bought at an average cost of $54.10 per share, for a total transaction of $5,410,000.00. Following the transaction, the director now directly owns 250,000 shares in the company, valued at $13,525,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE UGI opened at $53.88 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 0.99. UGI Corp has a 12 month low of $48.17 and a 12 month high of $59.31. The company has a market cap of $9.43 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60.

UGI (NYSE:UGI) last issued its earnings results on Monday, May 6th. The utilities provider reported $1.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.13). UGI had a return on equity of 10.31% and a net margin of 5.14%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. On average, research analysts expect that UGI Corp will post 2.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.30 per share. This is an increase from UGI’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, June 13th. UGI’s payout ratio is currently 37.96%.

Several research analysts have weighed in on UGI shares. Bank of America raised UGI from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Wednesday, April 3rd. They noted that the move was a valuation call. UBS Group raised UGI from a “neutral” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Monday, February 25th. ValuEngine raised UGI from a “hold” rating to a “buy” rating in a research report on Saturday, February 2nd. Jefferies Financial Group raised UGI from a “hold” rating to a “buy” rating and boosted their price target 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. Finally, Zacks Investment Research raised UGI from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $58.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in UGI by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 776,566 shares of the utilities provider’s stock valued at $43,084,000 after purchasing an additional 122,925 shares during the period. Federated Investors Inc. PA boosted its stake in UGI by 739.0% in the 3rd quarter. Federated Investors Inc. PA now owns 680,309 shares of the utilities provider’s stock valued at $37,743,000 after purchasing an additional 599,223 shares during the period. Vanguard Group Inc boosted its stake in UGI by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 17,941,400 shares of the utilities provider’s stock valued at $995,389,000 after purchasing an additional 232,308 shares during the period. State of Alaska Department of Revenue boosted its stake in UGI by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 18,349 shares of the utilities provider’s stock valued at $978,000 after purchasing an additional 357 shares during the period. Finally, KAMES CAPITAL plc boosted its stake in UGI by 21.3% in the 4th quarter. KAMES CAPITAL plc now owns 23,347 shares of the utilities provider’s stock valued at $1,245,000 after purchasing an additional 4,092 shares during the period. Institutional investors own 81.56% of the company’s stock.

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UGI Company Profile

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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Insider Buying and Selling by Quarter for UGI (NYSE:UGI)

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