Wedge Capital Management L L P NC reduced its position in shares of UGI Corporation (NYSE:UGI) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,817,788 shares of the utilities provider’s stock after selling 15,945 shares during the period. Wedge Capital Management L L P NC’s holdings in UGI Corporation were worth $87,999,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in UGI. Canada Pension Plan Investment Board raised its position in shares of UGI Corporation by 1.2% in the second quarter. Canada Pension Plan Investment Board now owns 687,108 shares of the utilities provider’s stock valued at $33,263,000 after buying an additional 8,200 shares during the period. World Asset Management Inc raised its position in shares of UGI Corporation by 1.1% in the second quarter. World Asset Management Inc now owns 11,858 shares of the utilities provider’s stock valued at $574,000 after buying an additional 124 shares during the period. Boston Advisors LLC raised its position in shares of UGI Corporation by 0.6% in the second quarter. Boston Advisors LLC now owns 104,052 shares of the utilities provider’s stock valued at $5,037,000 after buying an additional 581 shares during the period. Russell Investments Group Ltd. raised its position in shares of UGI Corporation by 0.6% in the second quarter. Russell Investments Group Ltd. now owns 289,940 shares of the utilities provider’s stock valued at $14,033,000 after buying an additional 1,670 shares during the period. Finally, Aperio Group LLC raised its position in shares of UGI Corporation by 35.8% in the second quarter. Aperio Group LLC now owns 57,922 shares of the utilities provider’s stock valued at $2,804,000 after buying an additional 15,259 shares during the period. 78.16% of the stock is owned by hedge funds and other institutional investors.

Shares of UGI Corporation (NYSE:UGI) opened at 48.17 on Friday. UGI Corporation has a one year low of $41.79 and a one year high of $52.00. The firm has a market cap of $8.35 billion, a PE ratio of 21.92 and a beta of 0.67. The company has a 50-day moving average of $49.20 and a 200 day moving average of $48.98.

UGI Corporation (NYSE:UGI) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.07. UGI Corporation had a net margin of 6.48% and a return on equity of 10.44%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the business earned $0.23 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that UGI Corporation will post $2.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.08%. UGI Corporation’s dividend payout ratio (DPR) is 45.87%.

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UGI has been the subject of several research analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $46.00 target price on shares of UGI Corporation in a research note on Wednesday, April 19th. Zacks Investment Research raised shares of UGI Corporation from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Friday, April 21st. Barclays PLC lowered their target price on shares of UGI Corporation from $44.00 to $43.00 and set an “underweight” rating for the company in a research note on Tuesday, May 2nd. Finally, BidaskClub lowered shares of UGI Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $47.80.

In related news, Director Anne Pol sold 6,750 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $50.61, for a total value of $341,617.50. Following the completion of the sale, the director now directly owns 12,062 shares of the company’s stock, valued at approximately $610,457.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John L. Walsh sold 50,000 shares of the stock in a transaction dated 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 directly owns 477,617 shares of the company’s stock, valued at $24,310,705.30. The disclosure for this sale can be found here. Insiders sold a total of 97,250 shares of company stock valued at $4,954,218 in the last quarter. 2.20% of the stock is currently owned by corporate 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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Institutional Ownership by Quarter for UGI Corporation (NYSE:UGI)

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