UGI Corporation (UGI) Shares Sold by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can cut its position in shares of UGI Corporation (NYSE:UGI) by 41.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,309 shares of the utilities provider’s stock after selling 112,237 shares during the period. Great West Life Assurance Co. Can’s holdings in UGI Corporation were worth $7,802,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Invictus RG bought a new stake in UGI Corporation during the first quarter worth $157,000. Penserra Capital Management LLC increased its stake in UGI Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 3,404 shares of the utilities provider’s stock worth $168,000 after buying an additional 296 shares during the last quarter. Steinberg Global Asset Management bought a new stake in UGI Corporation during the first quarter worth $204,000. Quadrature Capital Ltd bought a new stake in UGI Corporation during the fourth quarter worth $208,000. Finally, Mn Services Vermogensbeheer B.V. increased its stake in UGI Corporation by 6.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,623 shares of the utilities provider’s stock worth $214,000 after buying an additional 280 shares during the last quarter. Institutional investors own 78.16% of the company’s stock.
UGI Corporation (NYSE UGI) opened at 47.89 on Friday. UGI Corporation has a one year low of $41.79 and a one year high of $52.00. The company has a 50-day moving average of $49.16 and a 200-day moving average of $48.99. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 21.79 and a beta of 0.67.
UGI Corporation (NYSE:UGI) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.07. UGI Corporation had a return on equity of 10.44% and a net margin of 6.48%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts expect that UGI Corporation will post $2.29 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 14th. UGI Corporation’s payout ratio is 45.87%.
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A number of equities research analysts have recently weighed in on UGI shares. Zacks Investment Research upgraded shares of UGI Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Thursday. Jefferies Group LLC restated a “hold” rating and issued a $46.00 price target on shares of UGI Corporation in a research note on Friday, July 14th. BidaskClub upgraded shares of UGI Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Barclays PLC restated a “sell” rating and issued a $45.00 price target on shares of UGI Corporation in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. UGI Corporation currently has a consensus rating of “Hold” and a consensus target price of $47.80.
In other UGI Corporation news, CEO John L. Walsh sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $50.90, for a total value of $2,545,000.00. Following the completion of the sale, the chief executive officer now owns 477,617 shares of the company’s stock, valued at $24,310,705.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Roger B. Vincent sold 25,500 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $50.70, for a total value of $1,292,850.00. Following the completion of the sale, the director now directly owns 20,266 shares of the company’s stock, valued at approximately $1,027,486.20. The disclosure for this sale can be found here. Insiders have sold 97,250 shares of company stock valued at $4,954,218 in the last three months. 2.20% of the stock is owned by insiders.
About UGI Corporation
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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