61,578 Shares in UGI Corporation $UGI Bought by Kendall Capital Management

Kendall Capital Management acquired a new position in shares of UGI Corporation (NYSE:UGI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 61,578 shares of the utilities provider’s stock, valued at approximately $2,127,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MSH Capital Advisors LLC purchased a new stake in shares of UGI during the second quarter worth about $1,961,000. NewEdge Wealth LLC purchased a new stake in UGI during the 2nd quarter worth approximately $3,537,000. Csenge Advisory Group purchased a new stake in UGI during the 2nd quarter worth approximately $1,014,000. Russell Investments Group Ltd. raised its holdings in shares of UGI by 75.7% during the second quarter. Russell Investments Group Ltd. now owns 1,335,508 shares of the utilities provider’s stock valued at $46,130,000 after acquiring an additional 575,239 shares during the last quarter. Finally, Steel Grove Capital Advisors LLC purchased a new position in shares of UGI in the fourth quarter valued at approximately $1,696,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Kathleen Shea-Ballay sold 25,360 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $33.62, for a total value of $852,603.20. Following the completion of the transaction, the insider directly owned 25,360 shares in the company, valued at approximately $852,603.20. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Weiss Ratings lowered UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wall Street Zen cut shares of UGI from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Zacks Research lowered shares of UGI from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $40.00 target price (down from $45.00) on shares of UGI in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.

UGI Price Performance

UGI stock opened at $37.58 on Friday. UGI Corporation has a 12-month low of $31.62 and a 12-month high of $41.34. The stock has a market cap of $8.06 billion, a P/E ratio of 12.57 and a beta of 0.93. The company has a 50-day moving average price of $35.68 and a 200 day moving average price of $36.15. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28.

UGI (NYSE:UGI) last issued its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). UGI had a return on equity of 12.80% and a net margin of 9.20%.The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Sell-side analysts anticipate that UGI Corporation will post 2.85 earnings per share for the current year.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.375 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.50 dividend on an annualized basis and a yield of 4.0%. UGI’s dividend payout ratio is currently 50.17%.

UGI 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.