Jean Felix Tematio Sells 12,840 Shares of UGI (NYSE:UGI) Stock

UGI Corporation (NYSE:UGI) CAO Jean Felix Tematio sold 12,840 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $38.07, for a total value of $488,818.80. Following the completion of the sale, the chief accounting officer owned 6,952 shares of the company’s stock, valued at approximately $264,662.64. This represents a 64.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

UGI Stock Up 1.3%

Shares of UGI traded up $0.52 during midday trading on Friday, reaching $38.78. 1,486,315 shares of the company were exchanged, compared to its average volume of 2,477,250. UGI Corporation has a 1-year low of $29.03 and a 1-year high of $41.34. The stock has a 50-day moving average price of $38.18 and a 200-day moving average price of $35.80. The company has a current ratio of 0.78, a quick ratio of 0.64 and a debt-to-equity ratio of 1.19. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 14.31 and a beta of 1.08.

UGI (NYSE:UGI) last posted its earnings results on Wednesday, February 4th. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.24). The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.49 billion. UGI had a net margin of 8.17% and a return on equity of 14.46%. UGI’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 EPS. Research analysts expect that UGI Corporation will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, March 16th. UGI’s payout ratio is presently 55.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UGI shares. Jefferies Financial Group reiterated a “buy” rating and issued a $45.00 price objective on shares of UGI in a report on Wednesday, November 19th. Mizuho lifted their target price on UGI from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Monday, December 15th. Weiss Ratings upgraded UGI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. UBS Group reaffirmed an “outperform” rating on shares of UGI in a research report on Monday, December 15th. Finally, Wall Street Zen cut UGI from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.50.

Hedge Funds Weigh In On UGI

Several large investors have recently added to or reduced their stakes in UGI. Princeton Global Asset Management LLC acquired a new position in UGI in the third quarter worth $33,000. Bare Financial Services Inc lifted its position in shares of UGI by 103.8% in the 3rd quarter. Bare Financial Services Inc now owns 1,345 shares of the utilities provider’s stock worth $45,000 after buying an additional 685 shares during the last quarter. Torren Management LLC acquired a new position in shares of UGI in the 4th quarter valued at about $65,000. Colonial Trust Co SC bought a new stake in shares of UGI during the 4th quarter valued at about $75,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of UGI during the 2nd quarter valued at about $86,000. 82.34% of the stock is currently owned by institutional investors.

UGI Company Profile

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.