Traders Buy Large Volume of Put Options on UGI (NYSE:UGI)

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UGI Corp (NYSE:UGI) saw unusually large options trading activity on Tuesday. Investors bought 623 put options on the stock. This represents an increase of approximately 873% compared to the average volume of 64 put options.

NYSE UGI opened at $42.41 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The company has a fifty day simple moving average of $48.19 and a 200 day simple moving average of $50.63. The company has a market cap of $8.11 billion, a P/E ratio of 15.48 and a beta of 0.54. UGI has a 1 year low of $40.52 and a 1 year high of $59.31.

UGI (NYSE:UGI) last posted its quarterly earnings data on Monday, November 11th. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.28 billion. UGI had a return on equity of 10.56% and a net margin of 4.46%. UGI’s quarterly revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.74 earnings per share. Equities research analysts forecast that UGI will post 2.35 EPS for the current fiscal year.

Several research analysts have recently commented on the stock. TheStreet lowered shares of UGI from a “b” rating to a “c+” rating in a research note on Tuesday, August 6th. Barclays restated a “sell” rating and set a $50.00 price target on shares of UGI in a research note on Wednesday, October 16th. Finally, UBS Group dropped their price target on shares of UGI from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $56.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC boosted its holdings in shares of UGI by 214.8% during the 3rd quarter. Signaturefd LLC now owns 573 shares of the utilities provider’s stock worth $29,000 after buying an additional 391 shares during the period. Liberty Wealth Management LLC bought a new stake in UGI in the 3rd quarter valued at $31,000. Atwater Malick LLC bought a new stake in UGI in the 3rd quarter valued at $31,000. Financial Architects Inc boosted its holdings in UGI by 134.9% in the 3rd quarter. Financial Architects Inc now owns 754 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 433 shares during the period. Finally, Bogart Wealth LLC bought a new stake in UGI in the 3rd quarter valued at $40,000. 84.99% of the stock is owned by institutional investors and hedge funds.

UGI Company Profile

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.

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