Short Interest in UGI Corp (UGI) Increases By 60.8%

UGI Corp (NYSE:UGI) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,605,799 shares, an increase of 60.8% from the January 12th total of 1,620,927 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average trading volume of 900,513 shares, the short-interest ratio is currently 2.9 days.

A number of research analysts have issued reports on UGI shares. Barclays reiterated a “sell” rating and issued a $48.00 target price on shares of UGI in a research report on Thursday, October 19th. Zacks Investment Research upgraded UGI from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st.

In other UGI news, insider Roger Perreault bought 2,270 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were purchased at an average price of $43.97 per share, for a total transaction of $99,811.90. Following the completion of the transaction, the insider now directly owns 21,049 shares in the company, valued at approximately $925,524.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.36% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado boosted its stake in shares of UGI by 3.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 33,355 shares of the utilities provider’s stock valued at $1,566,000 after purchasing an additional 1,102 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of UGI by 0.4% during the third quarter. Rhumbline Advisers now owns 308,020 shares of the utilities provider’s stock valued at $14,434,000 after purchasing an additional 1,116 shares in the last quarter. Kistler Tiffany Companies LLC boosted its stake in shares of UGI by 41.6% during the fourth quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 1,242 shares in the last quarter. M&T Bank Corp boosted its stake in shares of UGI by 0.9% during the fourth quarter. M&T Bank Corp now owns 144,901 shares of the utilities provider’s stock valued at $6,803,000 after purchasing an additional 1,242 shares in the last quarter. Finally, Tyers Asset Management LLC boosted its stake in shares of UGI by 11.8% during the fourth quarter. Tyers Asset Management LLC now owns 12,624 shares of the utilities provider’s stock valued at $593,000 after purchasing an additional 1,328 shares in the last quarter. 77.42% of the stock is currently owned by hedge funds and other institutional investors.

UGI (UGI) opened at $43.25 on Thursday. UGI has a 12-month low of $42.51 and a 12-month high of $52.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.98 and a quick ratio of 0.85. The stock has a market capitalization of $7,489.79, a PE ratio of 13.39 and a beta of 0.58.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.08. UGI had a return on equity of 10.88% and a net margin of 8.71%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. equities research analysts forecast that UGI will post 2.62 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, March 14th. UGI’s payout ratio is 30.96%.

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UGI 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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