Key Points
- Joseph Hartz sold 5,000 UGI shares on Dec. 17 at an average price of $38.45 for about $192,250, and now owns 33,492 shares — roughly a 13% reduction in his stake — as disclosed on an SEC Form 4.
- UGI recently declared a quarterly dividend of $0.375 ($1.50 annual, ~3.9% yield) with an ex-dividend date of Dec. 15 and payment on Jan. 1; the company reported a mixed quarter, beating EPS estimates at ($0.23) but missing revenue expectations at $1.20 billion.
- Analyst sentiment is broadly positive with a consensus of "Moderate Buy" and an average price target of $44.50; UGI has a market cap of about $8.25 billion and a P/E of 12.37.
UGI Corporation (NYSE:UGI - Get Free Report) insider Joseph Hartz sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $38.45, for a total value of $192,250.00. Following the completion of the sale, the insider directly owned 33,492 shares in the company, valued at approximately $1,287,767.40. This represents a 12.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
UGI Stock Up 0.4%
UGI stock opened at $38.47 on Friday. The business has a 50 day moving average of $35.46 and a 200 day moving average of $35.17. The firm has a market cap of $8.25 billion, a PE ratio of 12.37 and a beta of 1.06. UGI Corporation has a twelve month low of $26.80 and a twelve month high of $39.59. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.36.
UGI (NYSE:UGI - Get Free Report) last released its earnings results on Friday, November 21st. The utilities provider reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.21. UGI had a return on equity of 15.10% and a net margin of 9.30%.The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the company posted ($1.27) earnings per share. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. On average, research analysts forecast that UGI Corporation will post 3.02 EPS for the current fiscal year.
UGI Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Monday, December 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, December 15th. UGI's dividend payout ratio is 48.23%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC purchased a new stake in UGI in the third quarter worth approximately $33,000. Bare Financial Services Inc raised its stake in UGI by 103.8% during the 3rd quarter. Bare Financial Services Inc now owns 1,345 shares of the utilities provider's stock valued at $45,000 after buying an additional 685 shares during the last quarter. Quarry LP bought a new position in shares of UGI during the 1st quarter valued at $51,000. Wealth Preservation Advisors LLC purchased a new position in shares of UGI in the 1st quarter worth $86,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of UGI in the 2nd quarter worth $86,000. Institutional investors own 82.34% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Mizuho raised their price objective on shares of UGI from $41.00 to $44.00 and gave the company an "outperform" rating in a research note on Monday. UBS Group reiterated an "outperform" rating on shares of UGI in a report on Monday. 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 reaffirmed a "buy" rating and issued a $45.00 price objective on shares of UGI in a research report on Wednesday, November 19th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of UGI in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.50.
Get Our Latest Stock Analysis on UGI
UGI Company Profile
(
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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