PEAK6 LLC Acquires New Position in UGI Corporation $UGI

PEAK6 LLC bought a new position in UGI Corporation (NYSE:UGI) in the second quarter, HoldingsChannel reports. The fund bought 44,820 shares of the utilities provider’s stock, valued at approximately $1,548,000.

Other institutional investors and hedge funds have also modified their holdings of the company. MSH Capital Advisors LLC purchased a new stake in shares of UGI during the second quarter worth $1,961,000. Csenge Advisory Group acquired a new position in UGI in the 2nd quarter worth about $1,014,000. NewEdge Wealth LLC purchased a new stake in shares of UGI during the 2nd quarter worth about $3,537,000. Russell Investments Group Ltd. lifted its holdings in shares of UGI by 75.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,335,508 shares of the utilities provider’s stock valued at $46,130,000 after buying an additional 575,239 shares during the last quarter. Finally, Kendall Capital Management acquired a new position in UGI in the second quarter worth approximately $2,127,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at UGI

In other news, insider Kathleen Shea-Ballay sold 25,360 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $33.62, for a total value of $852,603.20. Following the sale, the insider directly owned 25,360 shares of the company’s stock, valued at approximately $852,603.20. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UGI. Jefferies Financial Group reiterated a “hold” rating and issued a $40.00 target price (down from $45.00) on shares of UGI in a research note on Thursday, April 30th. Zacks Research cut shares of UGI from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Weiss Ratings lowered UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded UGI from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Wells Fargo & Company lowered their price objective on UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, UGI has a consensus rating of “Hold” and a consensus price target of $42.00.

UGI Trading Down 0.0%

NYSE:UGI opened at $37.58 on Monday. The company’s 50 day moving average is $35.68 and its 200-day moving average is $36.13. The company has a quick ratio of 1.22, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. UGI Corporation has a 12 month low of $31.62 and a 12 month high of $41.34. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 12.57 and a beta of 0.93.

UGI (NYSE:UGI) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.12). UGI had a return on equity of 12.80% and a net margin of 9.20%.The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.50 billion. Equities analysts anticipate that UGI Corporation will post 2.85 EPS for the current year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, September 15th. UGI’s dividend payout ratio is 50.17%.

UGI Profile

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.