Royce & Associates LP Reduces Position in UGI Corp (UGI)

Royce & Associates LP lowered its stake in UGI Corp (NYSE:UGI) by 8.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,500 shares of the utilities provider’s stock after selling 12,984 shares during the quarter. Royce & Associates LP owned 0.08% of UGI worth $7,906,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of UGI. Qube Research & Technologies Ltd purchased a new position in shares of UGI during the 2nd quarter worth $124,000. Almanack Investment Partners LLC. purchased a new position in shares of UGI during the 3rd quarter worth $160,000. Quad Cities Investment Group LLC purchased a new position in shares of UGI during the 2nd quarter worth $167,000. Hartford Financial Management Inc. purchased a new position in shares of UGI during the 2nd quarter worth $196,000. Finally, Cannell Peter B & Co. Inc. purchased a new position in shares of UGI during the 2nd quarter worth $203,000. Institutional investors own 79.38% of the company’s stock.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of UGI from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Bank of America lifted their price target on shares of UGI from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, October 29th. Barclays set a $53.00 price target on shares of UGI and gave the stock a “sell” rating in a research note on Friday, October 12th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $54.00 price target on shares of UGI in a research note on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.60.

In other news, CAO Ann P. Kelly sold 9,595 shares of the firm’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $56.80, for a total transaction of $544,996.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anne Pol sold 3,000 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $57.24, for a total transaction of $171,720.00. Following the sale, the director now owns 8,478 shares in the company, valued at $485,280.72. The disclosure for this sale can be found here. Insiders have sold a total of 109,279 shares of company stock worth $6,221,941 over the last 90 days. Insiders own 2.36% of the company’s stock.

Shares of UGI stock opened at $58.96 on Friday. The firm has a market cap of $10.18 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. UGI Corp has a 1-year low of $42.51 and a 1-year high of $59.31. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.91 and a current ratio of 1.09.

UGI (NYSE:UGI) last announced its quarterly earnings data on Monday, November 12th. The utilities provider reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.13. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. UGI had a net margin of 11.11% and a return on equity of 12.12%. The company’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm earned ($0.02) EPS. As a group, equities analysts expect that UGI Corp will post 2.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Friday, December 14th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 1.76%. UGI’s payout ratio is 37.96%.

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UGI Profile

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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