UGI Co. (NYSE:UGI) Short Interest Update

UGI Co. (NYSE:UGIGet Rating) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 4,840,000 shares, a decline of 22.4% from the March 31st total of 6,240,000 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 1,980,000 shares, the days-to-cover ratio is presently 2.4 days.

In other UGI news, Director Frank S. Hermance purchased 65,000 shares of the company’s stock in a transaction on Wednesday, February 16th. The shares were purchased at an average cost of $38.15 per share, for a total transaction of $2,479,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC grew its stake in shares of UGI by 6.2% in the 4th quarter. Signaturefd LLC now owns 3,930 shares of the utilities provider’s stock valued at $180,000 after buying an additional 229 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in UGI by 4.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 5,801 shares of the utilities provider’s stock worth $266,000 after purchasing an additional 230 shares during the period. Beacon Financial Group boosted its position in UGI by 1.9% during the fourth quarter. Beacon Financial Group now owns 13,168 shares of the utilities provider’s stock worth $601,000 after purchasing an additional 242 shares during the period. Gilbert & Cook Inc. boosted its position in UGI by 4.0% during the fourth quarter. Gilbert & Cook Inc. now owns 6,801 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 264 shares during the period. Finally, Pacer Advisors Inc. boosted its position in UGI by 1.2% during the fourth quarter. Pacer Advisors Inc. now owns 21,705 shares of the utilities provider’s stock worth $996,000 after purchasing an additional 264 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Shares of UGI opened at $37.10 on Thursday. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 1.54 and a beta of 0.98. The business’s 50-day moving average is $35.90 and its 200-day moving average is $41.09. UGI has a fifty-two week low of $33.04 and a fifty-two week high of $48.55. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.33 and a quick ratio of 1.12.

UGI (NYSE:UGIGet Rating) last announced its quarterly earnings results on Wednesday, February 2nd. The utilities provider reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.30). The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.23 billion. UGI had a net margin of 13.03% and a return on equity of 11.55%. During the same period in the previous year, the firm posted $1.18 EPS. Equities research analysts expect that UGI will post 2.79 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. Barclays cut their price objective on UGI from $45.00 to $40.00 in a report on Tuesday, March 22nd. StockNews.com assumed coverage on UGI in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Bank of America downgraded UGI from a “buy” rating to a “neutral” rating and dropped their target price for the company from $46.00 to $38.00 in a report on Monday, March 7th. Finally, TheStreet downgraded UGI from a “b” rating to a “c+” rating in a report on Monday, February 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.25.

About UGI (Get Rating)

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.4 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,600 propane distribution location.

Further Reading

Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.