PEAK6 LLC Takes Position in UGI Corporation $UGI

PEAK6 LLC purchased a new position in shares of UGI Corporation (NYSE:UGI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 44,820 shares of the utilities provider’s stock, valued at approximately $1,548,000.

Several other hedge funds have also recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC boosted its holdings in UGI by 4.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,733 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 303 shares in the last quarter. Versant Capital Management Inc increased its position in UGI by 45.6% during the second quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock worth $44,000 after buying an additional 397 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in UGI by 4.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,842 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 456 shares in the last quarter. Parallel Advisors LLC boosted its position in UGI by 17.0% during the fourth quarter. Parallel Advisors LLC now owns 4,992 shares of the utilities provider’s stock worth $187,000 after acquiring an additional 724 shares during the last quarter. Finally, Chase Investment Counsel Corp grew its position in shares of UGI by 3.5% in the second quarter. Chase Investment Counsel Corp now owns 29,656 shares of the utilities provider’s stock valued at $1,024,000 after purchasing an additional 993 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other UGI news, insider Kathleen Shea-Ballay sold 25,360 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $33.62, for a total transaction of $852,603.20. Following the sale, the insider directly owned 25,360 shares of the company’s stock, valued at $852,603.20. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings downgraded UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wells Fargo & Company dropped their price target on shares of UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Zacks Research cut UGI from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $40.00 price objective (down from $45.00) on shares of UGI in a report on Thursday, April 30th. Finally, Wall Street Zen cut UGI from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.00.

UGI Price Performance

NYSE UGI opened at $37.58 on Monday. The stock’s 50-day moving average price is $35.68 and its two-hundred day moving average price is $36.13. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28. The company has a market cap of $8.06 billion, a PE ratio of 12.57 and a beta of 0.93. UGI Corporation has a 1 year low of $31.62 and a 1 year high of $41.34.

UGI (NYSE:UGI) last announced its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.12). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.50 billion. UGI had a return on equity of 12.80% and a net margin of 9.20%. On average, analysts predict that UGI Corporation will post 2.85 EPS for the current year.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.0%. The ex-dividend date is Tuesday, September 15th. UGI’s payout ratio is presently 50.17%.

UGI Company 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.