UGI Co. (NYSE:UGI – Get Rating) CEO Roger Perreault bought 3,565 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were acquired at an average price of $27.98 per share, for a total transaction of $99,748.70. Following the acquisition, the chief executive officer now owns 41,125 shares in the company, valued at approximately $1,150,677.50. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
UGI Trading Up 2.7 %
Shares of UGI stock opened at $28.30 on Friday. The stock has a market capitalization of $5.92 billion, a P/E ratio of -9.66, a P/E/G ratio of 1.23 and a beta of 1.08. UGI Co. has a 12-month low of $27.00 and a 12-month high of $44.54. The company has a current ratio of 1.21, a quick ratio of 1.02 and a debt-to-equity ratio of 1.33. The firm’s 50 day moving average is $32.35 and its 200 day moving average is $36.27.
UGI (NYSE:UGI – Get Rating) last released its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.16). UGI had a negative net margin of 6.17% and a positive return on equity of 11.38%. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm earned $1.91 earnings per share. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. Research analysts expect that UGI Co. will post 2.79 earnings per share for the current year.
UGI Increases Dividend
Analyst Ratings Changes
A number of analysts have recently commented on the company. Mizuho began coverage on UGI in a research report on Wednesday, April 26th. They issued a “neutral” rating and a $38.00 price target on the stock. TheStreet downgraded UGI from a “b-” rating to a “c+” rating in a report on Friday, March 10th. Barclays dropped their price target on shares of UGI from $40.00 to $37.00 in a research note on Tuesday, April 18th. Finally, StockNews.com started coverage on shares of UGI in a report on Thursday, May 18th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.50.
Institutional Investors Weigh In On UGI
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Moors & Cabot Inc. grew its holdings in UGI by 3.7% during the fourth quarter. Moors & Cabot Inc. now owns 7,087 shares of the utilities provider’s stock valued at $325,000 after purchasing an additional 250 shares during the period. AdvisorNet Financial Inc increased its holdings in UGI by 71.0% in the 4th quarter. AdvisorNet Financial Inc now owns 730 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 303 shares in the last quarter. Allstate Corp raised its stake in UGI by 1.9% during the 1st quarter. Allstate Corp now owns 16,470 shares of the utilities provider’s stock worth $597,000 after acquiring an additional 313 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in UGI by 3.3% during the first quarter. Centennial Wealth Advisory LLC now owns 9,901 shares of the utilities provider’s stock valued at $344,000 after purchasing an additional 320 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of UGI by 0.4% in the fourth quarter. Gateway Investment Advisers LLC now owns 80,606 shares of the utilities provider’s stock worth $2,988,000 after purchasing an additional 339 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.
UGI Company Profile
UGI Corp. is a holding company, which engages in the distribution and marketing of energy products and services. It operates through the following segments: AmeriGas Propane, UGI International, Midstream and Marketing, and Utilities. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P.
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