UGI (NYSE:UGI) Insider Kathleen Shea-Ballay Sells 25,360 Shares of Stock

UGI Corporation (NYSE:UGI) insider Kathleen Shea-Ballay sold 25,360 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $33.62, for a total transaction of $852,603.20. Following the completion of the sale, the insider owned 25,360 shares in the company, valued at $852,603.20. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

UGI Trading Up 3.0%

Shares of UGI opened at $34.81 on Wednesday. The stock has a fifty day moving average price of $35.13 and a two-hundred day moving average price of $36.79. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.00. UGI Corporation has a 52-week low of $31.62 and a 52-week high of $41.34. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 12.21 and a beta of 0.93.

UGI (NYSE:UGI) last announced its earnings results on Thursday, May 7th. The utilities provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.02). The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.08 billion. UGI had a return on equity of 13.81% and a net margin of 8.71%.UGI’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.21 EPS. Analysts predict that UGI Corporation will post 2.89 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, June 15th. UGI’s dividend payout ratio is 52.63%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on UGI shares. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price objective (down from $45.00) on shares of UGI in a research report on Thursday, April 30th. Wells Fargo & Company initiated coverage on UGI in a research report on Monday, May 11th. They issued an “overweight” rating and a $46.00 price objective on the stock. Finally, Weiss Ratings upgraded UGI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, UGI currently has an average rating of “Moderate Buy” and an average price target of $43.33.

Institutional Trading of UGI

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bare Financial Services Inc boosted its position in shares of UGI by 103.8% in the 3rd quarter. Bare Financial Services Inc now owns 1,345 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 685 shares during the last quarter. Torren Management LLC bought a new stake in UGI in the fourth quarter valued at about $65,000. Colonial Trust Co SC acquired a new position in UGI in the fourth quarter valued at about $75,000. Horizon Investments LLC acquired a new position in UGI in the fourth quarter valued at about $93,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in UGI by 7.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,559 shares of the utilities provider’s stock worth $133,000 after buying an additional 254 shares during the last quarter. Institutional investors own 82.34% of the company’s stock.

About UGI

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.