SIR Capital Management L.P. Buys Shares of 91,226 UGI Corporation $UGI

SIR Capital Management L.P. purchased a new position in shares of UGI Corporation (NYSE:UGI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 91,226 shares of the utilities provider’s stock, valued at approximately $3,151,000.

A number of other institutional investors also recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC boosted its holdings in shares of UGI by 4.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,733 shares of the utilities provider’s stock valued at $282,000 after acquiring an additional 303 shares in the last quarter. Versant Capital Management Inc raised its holdings in UGI by 45.6% during the second quarter. Versant Capital Management Inc now owns 1,268 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 397 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in UGI by 4.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9,842 shares of the utilities provider’s stock worth $368,000 after purchasing an additional 456 shares in the last quarter. Parallel Advisors LLC lifted its position in UGI by 17.0% in the fourth quarter. Parallel Advisors LLC now owns 4,992 shares of the utilities provider’s stock worth $187,000 after purchasing an additional 724 shares during the period. Finally, Chase Investment Counsel Corp lifted its position in UGI by 3.5% in the second quarter. Chase Investment Counsel Corp now owns 29,656 shares of the utilities provider’s stock worth $1,024,000 after purchasing an additional 993 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Stock Up 1.6%

NYSE UGI opened at $38.18 on Tuesday. UGI Corporation has a 12 month low of $31.62 and a 12 month high of $41.34. The company has a market capitalization of $8.19 billion, a P/E ratio of 12.77 and a beta of 0.93. The company’s 50 day simple moving average is $35.76 and its 200 day simple moving average is $36.11. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.22.

UGI (NYSE:UGI) last issued its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share 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 return on equity of 12.80% and a net margin of 9.20%. Equities research analysts expect that UGI Corporation will post 2.85 earnings per share for the current fiscal year.

UGI Announces Dividend

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

Insider Buying and Selling at UGI

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

Wall Street Analyst Weigh In

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