Short Interest in UGI Corp (NYSE:UGI) Increases By 33.1%

UGI Corp (NYSE:UGI) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 6,187,100 shares, an increase of 33.1% from the April 30th total of 4,649,600 shares. Approximately 3.6% of the shares of the company are short sold. Based on an average daily volume of 1,310,000 shares, the days-to-cover ratio is currently 4.7 days.

A number of brokerages recently weighed in on UGI. Barclays dropped their price target on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 4th. Bank of America lifted their price target on Stagecoach Group from GBX 160 ($2.09) to GBX 190 ($2.48) and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. Zacks Investment Research cut Wix.Com from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 4,380 ($57.23) price target on shares of Unilever in a research note on Friday, April 5th. Finally, ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a research note on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $58.00.

In other UGI news, Director Anne Pol sold 2,421 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $52.94, for a total value of $128,167.74. Following the sale, the director now directly owns 7,952 shares in the company, valued at $420,978.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank S. Hermance purchased 100,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was acquired 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 of the company’s stock, valued at approximately $13,525,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 84,671 shares of company stock worth $4,545,613. Company insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc lifted its holdings in UGI by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 17,941,400 shares of the utilities provider’s stock worth $995,389,000 after purchasing an additional 232,308 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of UGI by 1.8% during the fourth quarter. BlackRock Inc. now owns 17,414,409 shares of the utilities provider’s stock worth $929,060,000 after buying an additional 304,579 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of UGI by 2.6% during the fourth quarter. Deutsche Bank AG now owns 7,223,884 shares of the utilities provider’s stock worth $385,390,000 after buying an additional 182,204 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of UGI by 325.9% during the first quarter. Commonwealth Bank of Australia now owns 2,729,515 shares of the utilities provider’s stock worth $151,254,000 after buying an additional 2,088,607 shares during the last quarter. Finally, APG Asset Management N.V. lifted its holdings in shares of UGI by 195.6% during the fourth quarter. APG Asset Management N.V. now owns 2,555,155 shares of the utilities provider’s stock worth $119,247,000 after buying an additional 1,690,800 shares during the last quarter. Hedge funds and other institutional investors own 79.60% of the company’s stock.

NYSE:UGI traded up $0.05 on Wednesday, hitting $53.09. 824,081 shares of the company’s stock traded hands, compared to its average volume of 1,150,222. The firm has a market capitalization of $9.21 billion, a P/E ratio of 19.38, a PEG ratio of 2.67 and a beta of 0.61. The firm’s 50-day simple moving average is $52.92. UGI has a 1 year low of $50.31 and a 1 year high of $59.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.10 and a current ratio of 1.23.

UGI (NYSE:UGI) last announced its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.13). The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. UGI had a net margin of 5.14% and a return on equity of 10.31%. Analysts predict that UGI will post 2.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were issued a $0.30 dividend. This is a positive change from UGI’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 2.26%. The ex-dividend date was Thursday, June 13th. UGI’s payout ratio is 43.80%.

UGI Company Profile

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.

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