Spirit of America Management Corp NY Sells 24,750 Shares of UGI Corp (UGI)

Spirit of America Management Corp NY cut its holdings in UGI Corp (NYSE:UGI) by 20.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,250 shares of the utilities provider’s stock after selling 24,750 shares during the period. Spirit of America Management Corp NY owned about 0.06% of UGI worth $5,390,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cedar Wealth Management LLC purchased a new position in UGI in the 4th quarter valued at about $27,000. Bogart Wealth LLC purchased a new position in UGI in the 1st quarter valued at about $28,000. Parkside Financial Bank & Trust purchased a new position in UGI in the 4th quarter valued at about $29,000. Stone House Investment Management LLC purchased a new position in UGI in the 1st quarter valued at about $39,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in UGI by 5,235.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,630,734 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 3,562,679 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of UGI from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Jefferies Financial Group upgraded shares of UGI from a “hold” rating to a “buy” rating and upped their target price for the company from $54.00 to $60.00 in a report on Friday, April 5th. They noted that the move was a valuation call. Barclays restated a “sell” rating and issued a $51.00 target price on shares of UGI in a report on Thursday, April 4th. Bank of America upgraded shares of UGI from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of UGI from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. UGI has an average rating of “Hold” and a consensus price target of $57.20.

Shares of UGI stock traded down $0.17 during trading hours on Wednesday, hitting $52.61. 174,608 shares of the company were exchanged, compared to its average volume of 1,595,937. The firm has a market cap of $9.23 billion, a P/E ratio of 19.20, a PEG ratio of 2.67 and a beta of 0.62. UGI Corp has a 1 year low of $45.51 and a 1 year high of $59.31. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.03 and a quick ratio of 0.89.

UGI (NYSE:UGI) last announced its quarterly earnings data on Tuesday, February 5th. The utilities provider reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.31). The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.21 billion. UGI had a return on equity of 11.30% and a net margin of 7.10%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 earnings per share. Analysts expect that UGI Corp will post 2.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.04 annualized dividend and a dividend yield of 1.98%. UGI’s payout ratio is currently 37.96%.

COPYRIGHT VIOLATION NOTICE: “Spirit of America Management Corp NY Sells 24,750 Shares of UGI Corp (UGI)” was originally published by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.baseballdailydigest.com/news/2019/04/17/spirit-of-america-management-corp-ny-sells-24750-shares-of-ugi-corp-ugi.html.

About UGI

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.

Featured Story: Why do companies engage in swaps?

Institutional Ownership by Quarter for UGI (NYSE:UGI)

Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.