Stillwater Capital Advisors LLC increased its holdings in shares of UGI Corp (NYSE:UGI) by 134.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,437 shares of the utilities provider’s stock after purchasing an additional 6,561 shares during the quarter. Stillwater Capital Advisors LLC’s holdings in UGI were worth $611,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC grew its position in UGI by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,278,576 shares of the utilities provider’s stock worth $121,505,000 after buying an additional 41,440 shares during the period. Macquarie Group Ltd. grew its position in UGI by 119.2% during the fourth quarter. Macquarie Group Ltd. now owns 5,700 shares of the utilities provider’s stock worth $304,000 after buying an additional 3,100 shares during the period. Norges Bank acquired a new position in UGI during the fourth quarter worth about $80,030,000. Legacy Advisors LLC acquired a new position in UGI during the first quarter worth about $142,000. Finally, Bogart Wealth LLC acquired a new position in UGI during the first quarter worth about $28,000. 79.47% of the stock is owned by institutional investors and hedge funds.
In other news, Director Frank S. Hermance bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average price of $54.10 per share, for a total transaction of $5,410,000.00. Following the completion of the transaction, the director now owns 250,000 shares in the company, valued at $13,525,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director M Shawn Bort sold 25,500 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $52.97, for a total transaction of $1,350,735.00. Following the sale, the director now owns 27,095 shares in the company, valued at approximately $1,435,222.15. The disclosure for this sale can be found here. Insiders sold 84,671 shares of company stock worth $4,545,613 over the last quarter. Company insiders own 2.40% of the company’s stock.
Shares of UGI stock traded down $1.95 during trading hours on Monday, hitting $49.21. The company’s stock had a trading volume of 698,695 shares, compared to its average volume of 1,263,478. The stock has a fifty day moving average of $52.33. The firm has a market capitalization of $8.91 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 2.73 and a beta of 0.59. UGI Corp has a twelve month low of $49.62 and a twelve month high of $59.31. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 0.99.
UGI (NYSE:UGI) last released its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.13). The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. UGI had a net margin of 5.14% and a return on equity of 10.31%. On average, analysts anticipate that UGI Corp will post 2.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 9th will be given a $0.325 dividend. The ex-dividend date is Thursday, August 8th. This is a positive change from UGI’s previous quarterly dividend of $0.30. This represents a $1.30 annualized dividend and a dividend yield of 2.64%. UGI’s dividend payout ratio is currently 43.80%.
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.
Read More: Coverage Ratio
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.