Short Interest in UGI Corp (UGI) Declines By 33.2%
UGI Corp (NYSE:UGI) saw a significant decline in short interest during the month of October. As of October 13th, there was short interest totalling 902,211 shares, a decline of 33.2% from the September 29th total of 1,351,056 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 606,061 shares, the short-interest ratio is currently 1.5 days.
UGI Corp (UGI) opened at $47.59 on Friday. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 21.04 and a beta of 0.68. UGI Corp has a one year low of $41.79 and a one year high of $52.00. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.22.
UGI Corp (NYSE:UGI) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.18 billion. UGI Corp had a net margin of 6.48% and a return on equity of 10.44%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. equities analysts anticipate that UGI Corp will post 2.31 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its stake in UGI Corp by 91.1% in the second quarter. SG Americas Securities LLC now owns 61,165 shares of the utilities provider’s stock valued at $2,961,000 after acquiring an additional 29,159 shares during the last quarter. Credit Suisse AG boosted its stake in UGI Corp by 21.0% in the first quarter. Credit Suisse AG now owns 289,446 shares of the utilities provider’s stock valued at $14,299,000 after acquiring an additional 50,137 shares during the last quarter. Schroder Investment Management Group boosted its stake in UGI Corp by 4,776.4% in the second quarter. Schroder Investment Management Group now owns 292,584 shares of the utilities provider’s stock valued at $14,179,000 after acquiring an additional 286,584 shares during the last quarter. Morgan Stanley boosted its stake in UGI Corp by 31.1% in the first quarter. Morgan Stanley now owns 619,940 shares of the utilities provider’s stock valued at $30,624,000 after acquiring an additional 147,152 shares during the last quarter. Finally, Foster & Motley Inc. boosted its stake in UGI Corp by 7.3% in the third quarter. Foster & Motley Inc. now owns 100,244 shares of the utilities provider’s stock valued at $4,697,000 after acquiring an additional 6,810 shares during the last quarter. Hedge funds and other institutional investors own 77.90% of the company’s stock.
Several equities research analysts recently weighed in on UGI shares. Zacks Investment Research cut shares of UGI Corp from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. BidaskClub upgraded shares of UGI Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Barclays PLC reaffirmed a “sell” rating and set a $45.00 price objective on shares of UGI Corp in a research note on Friday, July 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $46.00 price objective on shares of UGI Corp in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. UGI Corp currently has a consensus rating of “Hold” and an average target price of $48.60.
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About UGI Corp
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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