GSA Capital Partners LLP Sells 27,587 Shares of UGI Corporation $UGI

GSA Capital Partners LLP cut its position in shares of UGI Corporation (NYSE:UGI) by 60.8% during the 2nd quarter, Holdings Channel reports. The firm owned 17,757 shares of the utilities provider’s stock after selling 27,587 shares during the quarter. GSA Capital Partners LLP’s holdings in UGI were worth $613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in UGI by 75.7% during the second quarter. Russell Investments Group Ltd. now owns 1,335,508 shares of the utilities provider’s stock worth $46,130,000 after buying an additional 575,239 shares during the last quarter. Versant Capital Management Inc raised its position in UGI by 45.6% in the second quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 397 shares during the period. Parallel Advisors LLC boosted its stake in UGI by 20.4% in the first quarter. Parallel Advisors LLC now owns 6,011 shares of the utilities provider’s stock valued at $219,000 after acquiring an additional 1,019 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in UGI in the first quarter valued at about $282,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of UGI by 26.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 12,434 shares of the utilities provider’s stock worth $453,000 after purchasing an additional 2,592 shares during the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at UGI

In other UGI news, insider Kathleen Shea-Ballay sold 25,360 shares of UGI stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $33.62, for a total transaction of $852,603.20. Following the completion of the sale, the insider owned 25,360 shares of the company’s stock, valued at $852,603.20. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by company insiders.

UGI Trading Down 1.6%

Shares of UGI opened at $37.92 on Friday. The firm’s 50 day simple moving average is $35.63 and its 200 day simple moving average is $36.14. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.22. The company has a market capitalization of $8.13 billion, a P/E ratio of 12.68 and a beta of 0.93. UGI Corporation has a 1-year low of $31.62 and a 1-year high of $41.34.

UGI (NYSE:UGI) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share (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 company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.50 billion. Sell-side analysts forecast that UGI Corporation will post 2.85 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.375 per share. 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 (DPR) is presently 50.17%.

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.