Corient Private Wealth LP Invests $1.68 Million in UGI Corporation $UGI

Corient Private Wealth LP bought a new stake in shares of UGI Corporation (NYSE:UGI) during the second quarter, Holdings Channel reports. The fund bought 48,472 shares of the utilities provider’s stock, valued at approximately $1,680,000.

A number of other institutional investors have also recently added to or reduced their stakes in UGI. Freestone Grove Partners LP purchased a new stake in UGI in the 2nd quarter worth $427,000. Gallagher Fiduciary Advisors LLC purchased a new position in UGI during the second quarter valued at $412,000. Man Group plc purchased a new position in UGI during the second quarter valued at $10,102,000. Miller Value Partners LLC acquired a new stake in shares of UGI in the second quarter valued at about $4,179,000. Finally, Jupiter Topco LLC acquired a new stake in shares of UGI in the second quarter valued at about $3,389,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of UGI from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Zacks Research lowered shares of UGI from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Weiss Ratings cut UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Wells Fargo & Company cut their price objective on UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $42.00.

Insider Buying and Selling

In other UGI news, insider Kathleen Shea-Ballay sold 25,360 shares of UGI stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $33.62, for a total value of $852,603.20. Following the sale, the insider owned 25,360 shares in the company, valued at $852,603.20. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.

UGI Stock Performance

UGI stock opened at $37.72 on Friday. The firm has a 50 day simple moving average of $36.39 and a 200-day simple moving average of $36.11. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 12.62 and a beta of 0.94. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.22. UGI Corporation has a 1-year low of $31.62 and a 1-year high of $41.34.

UGI (NYSE:UGI) last released its quarterly 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). UGI had a net margin of 9.20% and a return on equity of 12.80%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.50 billion. On average, analysts expect that UGI Corporation will post 2.82 EPS for the current year.

UGI Announces Dividend

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

About UGI

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.