The Manufacturers Life Insurance Company Acquires 228,187 Shares of UGI Corporation $UGI

The Manufacturers Life Insurance Company increased its stake in UGI Corporation (NYSE:UGI) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,115,491 shares of the utilities provider’s stock after acquiring an additional 228,187 shares during the period. The Manufacturers Life Insurance Company owned about 0.99% of UGI worth $73,069,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC grew its position in UGI by 4.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,733 shares of the utilities provider’s stock worth $282,000 after acquiring an additional 303 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in UGI by 80.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 724 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 322 shares during the period. Versant Capital Management Inc lifted its position in UGI by 45.6% in the second quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 397 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in UGI by 36.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,521 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 405 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of UGI by 4.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9,842 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 456 shares during the period. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Price Performance

Shares of UGI stock opened at $38.03 on Friday. 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 Corporation has a fifty-two week low of $31.62 and a fifty-two week high of $41.34. The firm has a market cap of $8.16 billion, a P/E ratio of 12.72 and a beta of 0.94. The business’s 50 day moving average price is $36.78 and its 200-day moving average price is $36.12.

UGI (NYSE:UGI) last announced its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.50 billion. UGI had a net margin of 9.20% and a return on equity of 12.80%. On average, equities research analysts anticipate that UGI Corporation will post 2.82 earnings per share for the current year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.375 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.50 annualized dividend and a yield of 3.9%. UGI’s dividend payout ratio is 50.17%.

Insider Activity at UGI

In other news, insider Kathleen Shea-Ballay sold 25,360 shares of UGI stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $33.62, for a total transaction of $852,603.20. Following the sale, the insider owned 25,360 shares of the company’s stock, valued at approximately $852,603.20. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UGI shares. Wall Street Zen upgraded shares of UGI from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Wells Fargo & Company dropped their price target on shares of UGI from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Jefferies Financial Group raised shares of UGI from a “hold” rating to a “buy” rating and increased their price target for the company from $40.00 to $43.00 in a research report on Wednesday. Weiss Ratings lowered shares of UGI from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Zacks Research cut shares of UGI from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

UGI Profile

UGI Corporation (NYSE: UGI) is an energy company headquartered in King of Prussia, Pennsylvania. Founded in 1882, the company operates through businesses that distribute and market natural gas, electricity, propane and other energy products.

Through UGI Utilities, the company provides regulated natural gas and electric service to customers in parts of Pennsylvania and regulated natural gas service in parts of Maryland. UGI also operates energy marketing, midstream and storage businesses that supply natural gas and related services to residential, commercial, industrial and wholesale customers.

UGI is also involved in propane distribution through AmeriGas, which serves customers across the United States, and through international propane operations serving customers in parts of Europe.