Penserra Capital Management LLC raised its position in UGI Corp (NYSE:UGI) by 9.5% during the first quarter, Holdings Channel reports. The fund owned 3,404 shares of the utilities provider’s stock after buying an additional 296 shares during the period. Penserra Capital Management LLC’s holdings in UGI Corp were worth $168,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Quadrature Capital Ltd acquired a new stake in shares of UGI Corp during the fourth quarter worth about $208,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of UGI Corp by 6.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,623 shares of the utilities provider’s stock worth $214,000 after buying an additional 280 shares during the last quarter. RKL Wealth Management LLC acquired a new stake in shares of UGI Corp during the first quarter worth about $229,000. HighPoint Advisor Group LLC acquired a new stake in shares of UGI Corp during the third quarter worth about $239,000. Finally, Eqis Capital Management Inc. raised its stake in shares of UGI Corp by 3.0% in the first quarter. Eqis Capital Management Inc. now owns 5,056 shares of the utilities provider’s stock worth $250,000 after buying an additional 146 shares during the last quarter. Institutional investors and hedge funds own 78.05% of the company’s stock.
Shares of UGI Corp (NYSE:UGI) traded up 0.88% during midday trading on Friday, reaching $48.08. The company’s stock had a trading volume of 528,958 shares. The firm has a market capitalization of $8.32 billion, a P/E ratio of 18.13 and a beta of 0.61. UGI Corp has a 12-month low of $41.60 and a 12-month high of $50.55. The stock has a 50-day moving average of $49.39 and a 200 day moving average of $47.15.
UGI Corp (NYSE:UGI) last issued its quarterly earnings data on Monday, May 1st. The utilities provider reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by $0.01. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. UGI Corp had a return on equity of 10.66% and a net margin of 8.35%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. Equities research analysts predict that UGI Corp will post $2.34 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, July 1st. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from UGI Corp’s previous quarterly dividend of $0.24. UGI Corp’s payout ratio is currently 34.93%.
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A number of equities research analysts have issued reports on UGI shares. Janney Montgomery Scott upgraded UGI Corp from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 31st. Zacks Investment Research upgraded UGI Corp from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Wednesday, February 15th. Jefferies Group LLC reiterated a “hold” rating and issued a $46.00 price target on shares of UGI Corp in a research note on Wednesday, April 19th. Finally, Barclays PLC cut their price target on UGI Corp from $44.00 to $43.00 and set an “underweight” rating for the company in a research note on Tuesday, May 2nd.
In other news, Director Anne Pol sold 6,000 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $48.46, for a total transaction of $290,760.00. Following the completion of the sale, the director now owns 11,286 shares of the company’s stock, valued at $546,919.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert F. Beard sold 19,500 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $48.52, for a total transaction of $946,140.00. Following the sale, the chief executive officer now directly owns 56,327 shares of the company’s stock, valued at approximately $2,732,986.04. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock valued at $2,159,640 in the last three months. Corporate insiders own 2.20% of the company’s stock.
UGI Corp Company Profile
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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