Schonfeld Strategic Advisors LLC trimmed its position in UGI Corp (NYSE:UGI) by 24.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 25,553 shares of the utilities provider’s stock after selling 8,191 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in UGI were worth $812,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Verus Capital Partners LLC lifted its stake in shares of UGI by 20.5% in the 1st quarter. Verus Capital Partners LLC now owns 1,966 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 334 shares during the last quarter. Eqis Capital Management Inc. raised its position in UGI by 5.7% during the 1st quarter. Eqis Capital Management Inc. now owns 7,867 shares of the utilities provider’s stock worth $333,000 after purchasing an additional 423 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in UGI by 5.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 8,126 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 446 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in UGI by 14.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,652 shares of the utilities provider’s stock worth $97,000 after purchasing an additional 468 shares during the last quarter. Finally, BDO Wealth Advisors LLC raised its position in UGI by 10.5% during the 1st quarter. BDO Wealth Advisors LLC now owns 4,954 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 469 shares during the last quarter. Institutional investors own 75.79% of the company’s stock.
UGI has been the subject of several analyst reports. Jefferies Financial Group lowered their target price on UGI from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Barclays raised UGI from an “underweight” rating to an “equal weight” rating and set a $37.00 target price for the company in a research report on Thursday, July 16th. Zacks Investment Research lowered UGI from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research report on Wednesday, May 27th. Finally, ValuEngine downgraded UGI from a “hold” rating to a “sell” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.75.
UGI (NYSE:UGI) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.24. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.48 billion. UGI had a return on equity of 13.19% and a net margin of 7.16%. The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. Analysts expect that UGI Corp will post 2.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.07%. UGI’s dividend payout ratio (DPR) is currently 57.89%.
In related news, Director Ted A. Dosch purchased 10,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average price of $33.76 per share, for a total transaction of $337,600.00. Following the purchase, the director now owns 12,000 shares of the company’s stock, valued at $405,120. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by insiders.
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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