UGI Corp (NYSE:UGI) Shares Purchased by Beck Bode LLC

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Beck Bode LLC increased its holdings in shares of UGI Corp (NYSE:UGI) by 6.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,779 shares of the utilities provider’s stock after purchasing an additional 9,488 shares during the period. UGI makes up 3.6% of Beck Bode LLC’s holdings, making the stock its 11th biggest position. Beck Bode LLC owned approximately 0.08% of UGI worth $8,183,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Metropolitan Life Insurance Co NY boosted its holdings in UGI by 17.2% in the third quarter. Metropolitan Life Insurance Co NY now owns 58,299 shares of the utilities provider’s stock valued at $2,931,000 after purchasing an additional 8,535 shares during the last quarter. Millennium Management LLC raised its stake in shares of UGI by 1,082.6% during the 3rd quarter. Millennium Management LLC now owns 271,240 shares of the utilities provider’s stock valued at $13,635,000 after buying an additional 248,304 shares during the last quarter. Man Group plc raised its stake in shares of UGI by 9.7% during the 3rd quarter. Man Group plc now owns 571,954 shares of the utilities provider’s stock valued at $28,752,000 after buying an additional 50,632 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of UGI by 744.4% in the 3rd quarter. Squarepoint Ops LLC now owns 119,523 shares of the utilities provider’s stock valued at $6,008,000 after buying an additional 105,368 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of UGI by 8.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 141,444 shares of the utilities provider’s stock valued at $7,110,000 after buying an additional 10,982 shares during the period. 91.10% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on UGI. ValuEngine raised UGI from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Barclays reissued a “sell” rating and issued a $50.00 price target on shares of UGI in a report on Wednesday, October 16th. TheStreet lowered UGI from a “b” rating to a “c+” rating in a research report on Tuesday, August 6th. Finally, UBS Group dropped their price objective on shares of UGI from $60.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. UGI presently has a consensus rating of “Buy” and a consensus price target of $56.50.

In related news, Director Frank S. Hermance purchased 93,731 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average cost of $42.48 per share, with a total value of $3,981,692.88. Following the purchase, the director now owns 343,731 shares of the company’s stock, valued at approximately $14,601,692.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Roger Perreault acquired 2,357 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $42.45 per share, for a total transaction of $100,054.65. Following the completion of the acquisition, the executive vice president now owns 25,481 shares in the company, valued at approximately $1,081,668.45. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

UGI traded down $0.56 on Tuesday, reaching $43.02. The stock had a trading volume of 514,022 shares, compared to its average volume of 1,508,116. UGI Corp has a 12-month low of $40.52 and a 12-month high of $59.31. The company has a current ratio of 0.77, a quick ratio of 0.66 and a debt-to-equity ratio of 1.51. The business’s 50-day moving average price is $46.01 and its two-hundred day moving average price is $49.64. The company has a market cap of $9.10 billion, a P/E ratio of 18.87 and a beta of 0.50.

UGI (NYSE:UGI) last announced its quarterly earnings results on Monday, November 11th. The utilities provider reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.28 billion. UGI had a net margin of 3.50% and a return on equity of 8.83%. UGI’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.74 EPS. As a group, analysts predict that UGI Corp will post 2.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be paid a $0.325 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.30 dividend on an annualized basis and a yield of 3.02%. UGI’s dividend payout ratio is currently 57.02%.

UGI 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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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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