Howland Capital Management LLC raised its stake in UGI Corp (NYSE:UGI) by 1.7% during the second quarter, Holdings Channel.com reports. The firm owned 483,270 shares of the utilities provider’s stock after purchasing an additional 8,011 shares during the quarter. UGI accounts for about 2.0% of Howland Capital Management LLC’s portfolio, making the stock its 12th largest position. Howland Capital Management LLC’s holdings in UGI were worth $25,811,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new stake in UGI in the 1st quarter valued at about $28,000. FinTrust Capital Advisors LLC purchased a new position in shares of UGI in the 1st quarter valued at about $28,000. Meridian Wealth Management LLC purchased a new position in shares of UGI in the 1st quarter valued at about $33,000. Stone House Investment Management LLC purchased a new position in shares of UGI in the 1st quarter valued at about $39,000. Finally, FNY Investment Advisers LLC increased its holdings in shares of UGI by 57.8% in the 1st quarter. FNY Investment Advisers LLC now owns 781 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 286 shares during the last quarter. 79.23% of the stock is currently owned by institutional investors.
In related news, Director M Shawn Bort sold 25,500 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $52.97, for a total transaction of $1,350,735.00. Following the transaction, the director now owns 27,095 shares in the company, valued at approximately $1,435,222.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anne Pol sold 6,750 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $52.92, for a total value of $357,210.00. Following the transaction, the director now owns 7,952 shares in the company, valued at approximately $420,819.84. The disclosure for this sale can be found here. Insiders have sold a total of 84,671 shares of company stock worth $4,545,613 in the last 90 days. 2.40% of the stock is currently owned by company insiders.
UGI (NYSE:UGI) last released its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.13). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. UGI had a return on equity of 10.31% and a net margin of 5.14%. Sell-side analysts forecast that UGI Corp will post 2.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 9th will be paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Thursday, August 8th. This is an increase from UGI’s previous quarterly dividend of $0.30. UGI’s dividend payout ratio (DPR) is currently 43.80%.
UGI has been the topic of a number of recent analyst reports. Bank of America increased their price objective on Stagecoach Group from GBX 160 ($2.09) to GBX 190 ($2.48) and gave the company an “outperform” rating in a report on Wednesday, April 3rd. ValuEngine upgraded Xylem from a “hold” rating to a “buy” rating in a report on Friday, June 21st. UBS Group set a $260.00 price objective on Boston Beer and gave the company a “sell” rating in a report on Friday, July 19th. Zacks Investment Research downgraded Wix.Com from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 4,380 ($57.23) price objective on shares of Unilever in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. UGI has an average rating of “Hold” and an average target price of $58.25.
UGI Company 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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