Banco de Sabadell S.A Buys Shares of 9,468 UGI Corp (UGI)

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Banco de Sabadell S.A bought a new stake in UGI Corp (NYSE:UGI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,468 shares of the utilities provider’s stock, valued at approximately $493,000.

Other large investors have also recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC increased its stake in shares of UGI by 3.9% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 27,880 shares of the utilities provider’s stock valued at $1,452,000 after acquiring an additional 1,054 shares during the last quarter. Daiwa Securities Group Inc. increased its position in UGI by 21.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,290 shares of the utilities provider’s stock worth $328,000 after purchasing an additional 1,090 shares in the last quarter. 6 Meridian increased its position in UGI by 12.3% during the 1st quarter. 6 Meridian now owns 10,440 shares of the utilities provider’s stock worth $464,000 after purchasing an additional 1,144 shares in the last quarter. Koch Industries Inc. increased its position in UGI by 20.1% during the 1st quarter. Koch Industries Inc. now owns 6,983 shares of the utilities provider’s stock worth $310,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in UGI by 2.5% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 53,760 shares of the utilities provider’s stock worth $2,388,000 after purchasing an additional 1,320 shares in the last quarter. Institutional investors own 78.67% of the company’s stock.

UGI opened at $55.18 on Friday. The company has a market cap of $9.50 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 2.46 and a beta of 0.49. UGI Corp has a 1 year low of $42.51 and a 1 year high of $55.94. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.15 and a quick ratio of 0.99.

UGI (NYSE:UGI) last posted its earnings results on Wednesday, August 1st. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.31 billion. UGI had a return on equity of 11.89% and a net margin of 11.09%. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the company posted $0.09 EPS. analysts expect that UGI Corp will post 2.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, September 13th. UGI’s dividend payout ratio (DPR) is 45.41%.

In other UGI news, insider Joseph L. Hartz sold 18,000 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $55.51, for a total value of $999,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.36% of the stock is owned by company insiders.

A number of analysts recently issued reports on UGI shares. Bank of America downgraded shares of UGI from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a research report on Tuesday, June 5th. They noted that the move was a valuation call. ValuEngine downgraded shares of UGI from a “hold” rating to a “sell” rating in a research report on Wednesday, June 6th. Zacks Investment Research downgraded shares of UGI from a “buy” rating to a “hold” rating in a research report on Saturday, July 7th. Barclays increased their target price on shares of UGI from $47.00 to $50.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 11th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $54.00 target price on shares of UGI in a research report on Friday, August 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $51.60.

About UGI

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.

Read More: Stock Symbols and CUSIP Explained

Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Corp (NYSE:UGI).

Institutional Ownership by Quarter for UGI (NYSE:UGI)

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