Key Points
- CAO Jean Felix Tematio sold 12,840 shares of UGI on Feb. 11 at an average price of $38.07 for $488,818.80, leaving him with 6,952 shares — a 64.87% reduction in his position (disclosed via SEC Form 4).
- UGI missed quarterly expectations, reporting $1.26 EPS vs. $1.50 expected and $2.08B revenue vs. $2.49B expected, and announced a quarterly dividend of $0.375 ($1.50 annual, ~3.9% yield) payable April 1 with record/ex-dividend on March 16.
- Analyst sentiment is mildly positive with a MarketBeat average rating of "Moderate Buy" and an average target price of $44.50; recent notes include Mizuho raising its target to $44 and Wall Street Zen downgrading to Hold.
UGI Corporation (NYSE:UGI - Get Free Report) CAO Jean Felix Tematio sold 12,840 shares of UGI stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $38.07, for a total value of $488,818.80. Following the completion of the sale, the chief accounting officer owned 6,952 shares of the company's stock, valued at $264,662.64. This trade represents a 64.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
UGI Price Performance
UGI opened at $38.78 on Friday. UGI Corporation has a 1 year low of $29.03 and a 1 year high of $41.34. The company's 50 day simple moving average is $38.21 and its 200 day simple moving average is $35.83. The stock has a market capitalization of $8.32 billion, a PE ratio of 14.31 and a beta of 1.08. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.64 and a current ratio of 0.78.
UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The utilities provider reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.50 by ($0.24). The company had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.49 billion. UGI had a return on equity of 14.46% and a net margin of 8.17%.The business's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.37 EPS. As a group, sell-side analysts expect that UGI Corporation will post 3.02 EPS for the current year.
UGI Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be issued a $0.375 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.50 dividend on an annualized basis and a yield of 3.9%. UGI's dividend payout ratio (DPR) is presently 55.35%.
Analyst Ratings Changes
A number of equities analysts have recently commented on UGI shares. Wall Street Zen downgraded UGI from a "buy" rating to a "hold" rating in a report on Saturday, November 22nd. UBS Group reissued an "outperform" rating on shares of UGI in a research report on Monday, December 15th. Mizuho lifted their price target on shares of UGI from $41.00 to $44.00 and gave the company an "outperform" rating in a research report on Monday, December 15th. Weiss Ratings upgraded shares of UGI from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $45.00 target price on shares of UGI in a research note on Wednesday, November 19th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, UGI currently has an average rating of "Moderate Buy" and an average target price of $44.50.
Check Out Our Latest Report on UGI
Hedge Funds Weigh In On UGI
A number of institutional investors and hedge funds have recently bought and sold shares of UGI. Princeton Global Asset Management LLC purchased a new stake in shares of UGI during the third quarter valued at approximately $33,000. Bare Financial Services Inc grew its holdings 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 purchasing an additional 685 shares in the last quarter. Torren Management LLC acquired a new stake in UGI during the 4th quarter valued at $65,000. Colonial Trust Co SC purchased a new stake in UGI during the 4th quarter worth $75,000. Finally, Cullen Frost Bankers Inc. acquired a new position in UGI in the 2nd quarter worth $86,000. Hedge funds and other institutional investors own 82.34% of the company's stock.
UGI Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
