UGI Corp (NYSE:UGI) Position Raised by BlackRock Inc.

BlackRock Inc. boosted its position in shares of UGI Corp (NYSE:UGI) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,769,826 shares of the utilities provider’s stock after acquiring an additional 162,973 shares during the period. BlackRock Inc. owned approximately 9.69% of UGI worth $744,917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UGI. Tower Research Capital LLC TRC boosted its holdings in UGI by 133.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,656 shares of the utilities provider’s stock valued at $172,000 after purchasing an additional 2,090 shares in the last quarter. Unio Capital LLC acquired a new stake in UGI during the fourth quarter valued at approximately $216,000. Doliver Capital Advisors LP acquired a new stake in UGI during the first quarter valued at approximately $249,000. Koch Industries Inc. acquired a new stake in UGI during the fourth quarter valued at approximately $273,000. Finally, D.A. Davidson & CO. acquired a new stake in UGI during the fourth quarter valued at approximately $278,000. Hedge funds and other institutional investors own 78.47% of the company’s stock.

In other news, CEO John L. Walsh sold 25,000 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $43.84, for a total transaction of $1,096,000.00. Following the completion of the transaction, the chief executive officer now directly owns 468,166 shares in the company, valued at approximately $20,524,397.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Anne Pol sold 3,000 shares of the stock in a transaction dated Thursday, May 31st. The stock was sold at an average price of $50.63, for a total transaction of $151,890.00. Following the transaction, the director now owns 8,426 shares of the company’s stock, valued at $426,608.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 201,332 shares of company stock valued at $9,817,074. Company insiders own 2.36% of the company’s stock.

UGI has been the topic of a number of recent research reports. Zacks Investment Research raised UGI from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Tuesday, May 8th. UBS Group raised UGI from a “neutral” rating to a “buy” rating in a report on Friday, April 20th. Bank of America reissued a “buy” rating on shares of UGI in a report on Tuesday, February 27th. Citigroup reduced their target price on UGI from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, March 27th. Finally, ValuEngine downgraded UGI from a “hold” rating to a “sell” rating in a report on Wednesday, June 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $49.60.

UGI traded up $0.32, hitting $49.25, during trading hours on Thursday, Marketbeat reports. 645,923 shares of the stock were exchanged, compared to its average volume of 850,055. UGI Corp has a twelve month low of $42.51 and a twelve month high of $51.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.22. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 2.17 and a beta of 0.57.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, May 2nd. The utilities provider reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.18. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.43 billion. UGI had a return on equity of 12.21% and a net margin of 10.54%. The business’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 EPS. equities analysts predict that UGI Corp will post 2.8 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 1st. Investors of record on Friday, June 15th will be paid a $0.26 dividend. The ex-dividend date is Thursday, June 14th. This is a positive change from UGI’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.11%. UGI’s dividend payout ratio is presently 43.67%.

UGI Profile

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.

Institutional Ownership by Quarter for UGI (NYSE:UGI)

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