Key Points
- Insider sale: Joseph Hartz sold 15,000 UGI shares on Nov. 25 at an average price of $38.68 for proceeds of $580,200, cutting his stake by 30.93% to 33,492 shares; the sale was disclosed in an SEC Form 4 filing.
- Quarterly results: UGI topped EPS estimates (loss of $0.23 vs. -$0.44 expected) but missed revenue forecasts ($1.20B vs. $1.52B), with revenue down 3.6% year-over-year and a net margin of 5.7%.
- Dividend & valuation: UGI declared a $0.375 quarterly dividend (annualized $1.50, ~3.8% yield), the stock trades near its 52-week high (~$39.59) with a P/E around 20.8 and a consensus price target of $42 (Moderate Buy).
UGI Corporation (NYSE:UGI - Get Free Report) insider Joseph Hartz sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $38.68, for a total value of $580,200.00. Following the completion of the transaction, the insider owned 33,492 shares of the company's stock, valued at $1,295,470.56. The trade was a 30.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
UGI Price Performance
UGI stock opened at $39.55 on Friday. UGI Corporation has a 52-week low of $26.73 and a 52-week high of $39.59. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 1.16. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 20.82 and a beta of 1.06. The business has a fifty day moving average of $33.98 and a two-hundred day moving average of $34.94.
UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Friday, November 21st. The utilities provider reported ($0.23) earnings per share for the quarter, topping analysts' consensus estimates of ($0.44) by $0.21. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.52 billion. UGI had a return on equity of 15.73% and a net margin of 5.70%.The company's revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.27) EPS. As a group, research analysts anticipate that UGI Corporation will post 3.02 earnings per share for the current year.
UGI Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Monday, December 15th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, December 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.8%. UGI's dividend payout ratio (DPR) is currently 48.23%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of UGI from a "buy" rating to a "hold" rating in a report on Saturday, November 22nd. Jefferies Financial Group reissued a "buy" rating and issued a $45.00 target price on shares of UGI in a research report on Wednesday, November 19th. Weiss Ratings restated a "hold (c-)" rating on shares of UGI in a research report on Wednesday, October 8th. Finally, Zacks Research raised UGI to a "hold" rating in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.00.
Check Out Our Latest Research Report on UGI
Hedge Funds Weigh In On UGI
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC purchased a new stake in shares of UGI during the third quarter worth $33,000. Bare Financial Services Inc boosted its holdings in UGI by 103.8% in the third quarter. Bare Financial Services Inc now owns 1,345 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 685 shares during the period. Quarry LP acquired a new position in UGI during the 1st quarter worth $51,000. SouthState Corp purchased a new stake in UGI during the 1st quarter worth about $62,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in UGI in the 2nd quarter valued at about $86,000. Hedge funds and other institutional investors own 82.34% of the company's stock.
About UGI
(
Get Free Report)
UGI Corporation, together with its subsidiaries, 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 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.
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