UGI Corporation $UGI Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its holdings in shares of UGI Corporation (NYSE:UGI) by 234.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,545 shares of the utilities provider’s stock after purchasing an additional 66,946 shares during the period. Tudor Investment Corp ET AL’s holdings in UGI were worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in UGI by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,715 shares of the utilities provider’s stock valued at $2,603,000 after purchasing an additional 6,649 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of UGI by 14.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 930,787 shares of the utilities provider’s stock valued at $30,781,000 after acquiring an additional 116,372 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of UGI by 17.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 785,327 shares of the utilities provider’s stock worth $25,971,000 after acquiring an additional 115,409 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of UGI by 92.6% during the 1st quarter. Focus Partners Wealth now owns 22,584 shares of the utilities provider’s stock worth $747,000 after acquiring an additional 10,861 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of UGI by 4.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 9,544 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 385 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Jean Felix Tematio sold 12,840 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $38.07, for a total transaction of $488,818.80. Following the transaction, the chief accounting officer directly owned 6,952 shares of the company’s stock, valued at approximately $264,662.64. The trade was a 64.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

UGI Stock Performance

Shares of UGI stock opened at $36.62 on Friday. The stock has a market cap of $7.86 billion, a PE ratio of 13.51 and a beta of 1.08. The business has a fifty day simple moving average of $37.80 and a 200-day simple moving average of $36.20. The company has a quick ratio of 0.64, a current ratio of 0.78 and a debt-to-equity ratio of 1.19. UGI Corporation has a 12 month low of $29.03 and a 12 month high of $41.34.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, February 4th. The utilities provider reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.24). UGI had a net margin of 8.17% and a return on equity of 14.46%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts anticipate that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, March 16th. UGI’s dividend payout ratio (DPR) is currently 55.35%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UGI. Mizuho boosted 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 raised UGI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Finally, UBS Group restated an “outperform” rating on shares of UGI in a report on Monday, December 15th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

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.