UGI Corporation $UGI Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors increased its stake in UGI Corporation (NYSE:UGI) by 11.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,863,933 shares of the utilities provider’s stock after acquiring an additional 287,764 shares during the quarter. Captrust Financial Advisors owned approximately 1.33% of UGI worth $95,254,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in UGI. Waterloo Capital L.P. grew its position in shares of UGI by 30.4% in the second quarter. Waterloo Capital L.P. now owns 79,302 shares of the utilities provider’s stock valued at $2,888,000 after purchasing an additional 18,508 shares during the period. SG Americas Securities LLC raised its position in shares of UGI by 26.7% during the 3rd quarter. SG Americas Securities LLC now owns 208,815 shares of the utilities provider’s stock worth $6,945,000 after purchasing an additional 44,024 shares during the last quarter. Foster & Motley Inc. lifted its stake in UGI by 10.6% in the 3rd quarter. Foster & Motley Inc. now owns 145,008 shares of the utilities provider’s stock valued at $4,823,000 after buying an additional 13,892 shares in the last quarter. Princeton Global Asset Management LLC purchased a new position in UGI in the 3rd quarter valued at about $33,000. Finally, GAMMA Investing LLC boosted its holdings in UGI by 7.8% in the 3rd quarter. GAMMA Investing LLC now owns 9,178 shares of the utilities provider’s stock worth $305,000 after buying an additional 661 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Stock Down 0.0%

Shares of NYSE UGI opened at $36.31 on Wednesday. UGI Corporation has a 12-month low of $29.03 and a 12-month high of $41.34. The stock has a market cap of $7.79 billion, a PE ratio of 13.40 and a beta of 1.08. The company has a current ratio of 0.78, a quick ratio of 0.64 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average of $37.91 and a 200 day moving average of $36.13.

UGI (NYSE:UGI) last released its earnings results on Wednesday, February 4th. The utilities provider reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.24). The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.49 billion. UGI had a return on equity of 14.46% and a net margin of 8.17%.The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $1.37 earnings per share. As a group, sell-side analysts predict that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, March 16th. UGI’s dividend payout ratio is presently 55.35%.

Insider Activity

In other UGI news, CAO Jean Felix Tematio sold 12,840 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $38.07, for a total value of $488,818.80. Following the completion of the sale, the chief accounting officer directly owned 6,952 shares of the company’s stock, valued at $264,662.64. This trade represents a 64.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UGI shares. Jefferies Financial Group reiterated a “buy” rating and set a $45.00 price objective on shares of UGI in a research note on Wednesday, November 19th. Weiss Ratings raised UGI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. UBS Group reissued an “outperform” rating on shares of UGI in a research note on Monday, December 15th. Mizuho raised their price objective on UGI from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, December 15th. Finally, Wall Street Zen cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, UGI has an average rating of “Moderate Buy” and a consensus target price of $44.50.

UGI Profile

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.