Sabal Trust CO held its stake in shares of UGI Corp (NYSE:UGI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,350 shares of the utilities provider’s stock at the end of the first quarter. Sabal Trust CO’s holdings in UGI Corp were worth $363,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of UGI Corp by 6.7% in the third quarter. State of Alaska Department of Revenue now owns 3,866 shares of the utilities provider’s stock worth $174,000 after buying an additional 243 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of UGI Corp during the third quarter worth $207,000. Quadrature Capital Ltd acquired a new stake in shares of UGI Corp during the fourth quarter worth $208,000. HighPoint Advisor Group LLC acquired a new stake in shares of UGI Corp during the third quarter worth $239,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of UGI Corp during the third quarter worth $258,000. 78.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of UGI Corp (NYSE:UGI) traded down 0.08% during midday trading on Thursday, hitting $49.39. The company’s stock had a trading volume of 382,251 shares. The stock’s 50 day moving average is $49.12 and its 200-day moving average is $46.45. The firm has a market cap of $8.54 billion, a P/E ratio of 18.06 and a beta of 0.61. UGI Corp has a 52-week low of $39.20 and a 52-week high of $50.38.
UGI Corp (NYSE:UGI) last posted its quarterly earnings results on Wednesday, February 1st. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.15. UGI Corp had a net margin of 8.35% and a return on equity of 10.66%. The business earned $1.68 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Equities analysts predict that UGI Corp will post $2.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, April 1st. Shareholders of record on Wednesday, March 15th were given a dividend of $0.2375 per share. The ex-dividend date of this dividend was Monday, March 13th. This represents a $0.95 annualized dividend and a yield of 1.92%. UGI Corp’s payout ratio is 34.93%.
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A number of equities research analysts have weighed in on UGI shares. Zacks Investment Research raised UGI Corp from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, February 15th. Janney Montgomery Scott raised UGI Corp from a “neutral” rating to a “buy” rating in a report on Tuesday, January 31st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $46.00 target price on shares of UGI Corp in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $47.00.
In other UGI Corp news, CEO John L. Walsh sold 87,500 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $46.66, for a total transaction of $4,082,750.00. Following the completion of the sale, the chief executive officer now directly owns 502,393 shares in the company, valued at $23,441,657.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert F. Beard sold 19,500 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $48.52, for a total transaction of $946,140.00. Following the sale, the chief executive officer now owns 56,327 shares of the company’s stock, valued at $2,732,986.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,500 shares of company stock valued at $6,242,390. Company insiders own 2.20% of the company’s stock.
About UGI Corp
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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