Vident Investment Advisory LLC Sells 4,125 Shares of UGI Corp (NYSE:UGI)
Vident Investment Advisory LLC reduced its position in shares of UGI Corp (NYSE:UGI) by 24.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,995 shares of the utilities provider’s stock after selling 4,125 shares during the period. Vident Investment Advisory LLC’s holdings in UGI were worth $677,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of UGI by 17.4% during the first quarter. Wells Fargo & Company MN now owns 1,141,496 shares of the utilities provider’s stock valued at $50,704,000 after acquiring an additional 169,320 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of UGI by 263.4% during the first quarter. Neuberger Berman Group LLC now owns 61,886 shares of the utilities provider’s stock valued at $2,749,000 after acquiring an additional 44,857 shares during the last quarter. US Bancorp DE increased its position in shares of UGI by 32.3% during the first quarter. US Bancorp DE now owns 16,691 shares of the utilities provider’s stock valued at $741,000 after acquiring an additional 4,073 shares during the last quarter. Korea Investment CORP acquired a new stake in shares of UGI during the first quarter valued at about $1,217,000. Finally, BlackRock Inc. increased its position in shares of UGI by 1.0% during the first quarter. BlackRock Inc. now owns 16,769,826 shares of the utilities provider’s stock valued at $744,917,000 after acquiring an additional 162,973 shares during the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.
Several research analysts have recently commented on UGI shares. Zacks Investment Research lowered shares of UGI from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. ValuEngine raised shares of UGI from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays set a $53.00 price objective on shares of UGI and gave the company a “sell” rating in a research note on Friday. Bank of America lifted their price target on shares of UGI from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, July 30th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $54.00 price target on shares of UGI in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $52.20.
Shares of NYSE:UGI traded down $0.34 during trading on Friday, hitting $53.39. 569,838 shares of the company were exchanged, compared to its average volume of 821,955. The company has a market capitalization of $9.65 billion, a PE ratio of 23.31, a P/E/G ratio of 2.50 and a beta of 0.50. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 0.97. UGI Corp has a 12-month low of $42.51 and a 12-month high of $56.00.
UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.31 billion. UGI had a return on equity of 11.89% and a net margin of 11.09%. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. As a group, equities research analysts predict that UGI Corp will post 2.77 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.95%. UGI’s payout ratio is 45.41%.
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.
Featured Article: Understanding the different types of bonds
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.