Teacher Retirement System of Texas grew its stake in UGI Corp (NYSE:UGI) by 393.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,869 shares of the utilities provider’s stock after purchasing an additional 188,023 shares during the quarter. Teacher Retirement System of Texas’ holdings in UGI were worth $12,282,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. MHI Funds LLC increased its position in UGI by 9,160.5% in the second quarter. MHI Funds LLC now owns 3,519 shares of the utilities provider’s stock worth $183,000 after buying an additional 3,481 shares during the last quarter. Whitnell & Co. purchased a new stake in UGI in the second quarter worth $195,000. Stillwater Capital Advisors LLC purchased a new stake in UGI in the second quarter worth $202,000. Cannell Peter B & Co. Inc. purchased a new stake in UGI in the second quarter worth $203,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in UGI in the first quarter worth $222,000. Institutional investors own 78.20% of the company’s stock.

UGI has been the subject of a number of recent research reports. UBS Group raised UGI from a “neutral” rating to a “buy” rating in a research report on Friday, April 20th. Zacks Investment Research upgraded UGI from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Tuesday, May 8th. Bank of America cut UGI from a “buy” rating to a “neutral” rating and set a $53.00 price target for the company. in a research report on Tuesday, June 5th. They noted that the move was a valuation call. ValuEngine cut UGI from a “hold” rating to a “sell” rating in a research report on Wednesday, June 6th. Finally, Barclays lifted their price target on UGI from $47.00 to $50.00 and gave the company an “underweight” rating in a research report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.00.

In other news, Director Anne Pol sold 3,000 shares of UGI stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $50.63, for a total value of $151,890.00. Following the completion of the transaction, the director now directly owns 8,426 shares in the company, valued at $426,608.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert F. Beard sold 45,000 shares of UGI stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $51.25, for a total value of $2,306,250.00. Following the sale, the chief executive officer now directly owns 83,919 shares of the company’s stock, valued at approximately $4,300,848.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,000 shares of company stock valued at $3,673,640. 2.36% of the stock is owned by company insiders.

Shares of NYSE UGI opened at $55.47 on Friday. The firm has a market capitalization of $9.44 billion, a PE ratio of 24.22, a P/E/G ratio of 2.45 and a beta of 0.55. UGI Corp has a fifty-two week low of $42.51 and a fifty-two week high of $55.94. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.15 and a quick ratio of 0.99.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.31 billion. UGI had a net margin of 11.09% and a return on equity of 11.89%. UGI’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. equities research analysts predict that UGI Corp will post 2.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 14th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, September 13th. UGI’s dividend payout ratio (DPR) is presently 45.41%.

UGI Company Profile

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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