KCG Holdings Inc. cut its position in UGI Corporation (NYSE:UGI) by 29.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,406 shares of the utilities provider’s stock after selling 3,989 shares during the period. KCG Holdings Inc.’s holdings in UGI Corporation were worth $465,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in UGI Corporation by 0.4% in the first quarter. Stifel Financial Corp now owns 10,051 shares of the utilities provider’s stock worth $495,000 after buying an additional 37 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of UGI Corporation by 0.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,089 shares of the utilities provider’s stock worth $548,000 after buying an additional 40 shares in the last quarter. River Wealth Advisors LLC boosted its stake in shares of UGI Corporation by 0.8% in the first quarter. River Wealth Advisors LLC now owns 5,671 shares of the utilities provider’s stock worth $280,000 after buying an additional 47 shares in the last quarter. World Asset Management Inc boosted its stake in shares of UGI Corporation by 1.2% in the first quarter. World Asset Management Inc now owns 11,734 shares of the utilities provider’s stock worth $580,000 after buying an additional 137 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in shares of UGI Corporation by 3.0% in the first quarter. Eqis Capital Management Inc. now owns 5,056 shares of the utilities provider’s stock worth $250,000 after buying an additional 146 shares in the last quarter. 78.16% of the stock is owned by hedge funds and other institutional investors.
Shares of UGI Corporation (NYSE UGI) remained flat at $48.01 during midday trading on Tuesday. 709,895 shares of the company traded hands. The stock’s 50-day moving average is $49.50 and its 200-day moving average is $48.93. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 18.10 and a beta of 0.67. UGI Corporation has a 52-week low of $41.79 and a 52-week high of $52.00.
UGI Corporation (NYSE:UGI) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.07. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.18 billion. UGI Corporation had a return on equity of 10.45% and a net margin of 6.48%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, analysts predict that UGI Corporation will post $2.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. UGI Corporation’s dividend payout ratio is 45.87%.
UGI has been the topic of several research reports. Zacks Investment Research upgraded shares of UGI Corporation from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Wednesday, April 12th. BidaskClub upgraded shares of UGI Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Barclays PLC reissued a “sell” rating and issued a $45.00 price target on shares of UGI Corporation in a research note on Friday, July 21st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $46.00 price target on shares of UGI Corporation in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $48.00.
In other UGI Corporation news, insider Joseph L. Hartz sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $51.65, for a total value of $774,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne Pol sold 6,750 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $50.61, for a total value of $341,617.50. Following the completion of the sale, the director now directly owns 12,062 shares of the company’s stock, valued at $610,457.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,250 shares of company stock valued at $4,954,218. Corporate insiders own 2.20% of the company’s stock.
UGI Corporation Company Profile
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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