56,416 Shares in UGI Corporation $UGI Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in UGI Corporation (NYSE:UGI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 56,416 shares of the utilities provider’s stock, valued at approximately $1,949,000.

Several other large investors have also bought and sold shares of UGI. Versant Capital Management Inc grew its holdings in shares of UGI by 45.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 397 shares during the period. Torren Management LLC purchased a new position in shares of UGI in the 4th quarter valued at approximately $65,000. Persistent Asset Partners Ltd purchased a new position in shares of UGI in the 2nd quarter valued at approximately $71,000. State of Wyoming bought a new stake in shares of UGI during the second quarter valued at approximately $71,000. Finally, Colonial Trust Co SC purchased a new stake in UGI in the fourth quarter worth $75,000. 82.34% of the stock is owned by institutional investors.

UGI Stock Down 0.8%

Shares of UGI stock opened at $37.58 on Friday. The company has a 50-day simple moving average of $35.68 and a two-hundred day simple moving average of $36.15. The stock has a market capitalization of $8.06 billion, a PE ratio of 12.57 and a beta of 0.93. UGI Corporation has a 52-week low of $31.62 and a 52-week high of $41.34. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.22 and a current ratio of 1.44.

UGI (NYSE:UGI) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.12). UGI had a net margin of 9.20% and a return on equity of 12.80%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, analysts anticipate that UGI Corporation will post 2.85 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 15th. UGI’s dividend payout ratio is presently 50.17%.

Insider Activity

In related news, insider Kathleen Shea-Ballay sold 25,360 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $33.62, for a total transaction of $852,603.20. Following the sale, the insider directly owned 25,360 shares of the company’s stock, valued at $852,603.20. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of UGI from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings lowered shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 target price (down from $45.00) on shares of UGI in a research note on Thursday, April 30th. Zacks Research cut UGI from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Wells Fargo & Company cut their price target on UGI from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, UGI has a consensus rating of “Hold” and an average target price of $42.00.

UGI Profile

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.