What Next for Ugi Corporation (NYSE:UGI) Stock After Increase in Shorted Shares?

March 14, 2018 - By Nellie Frank

 What Next for Ugi Corporation (NYSE:UGI) Stock After Increase in Shorted Shares?

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.06, from 0.98 in 2017Q2. It improved, as 33 investors sold UGI Corporation shares while 115 reduced holdings. 38 funds opened positions while 116 raised stakes. 131.63 million shares or 1.06% less from 133.03 million shares in 2017Q2 were reported.
Axa invested in 75,200 shares. James Investment Research, Ohio-based fund reported 751 shares. The South Africa-based Old Mutual Customised Solutions (Proprietary) Limited has invested 0.04% in UGI Corporation (NYSE:UGI). Peddock Advsr Ltd Liability Corp stated it has 0.04% of its portfolio in UGI Corporation (NYSE:UGI). Cornerstone Capital Mgmt Ltd Llc owns 0% invested in UGI Corporation (NYSE:UGI) for 2,587 shares. Utd Serv Automobile Association holds 57,916 shares. 47,900 were accumulated by Savings Bank Of Nova Scotia. Of Virginia Va reported 4,900 shares. Hbk Invs Lp stated it has 0.01% of its portfolio in UGI Corporation (NYSE:UGI). Canada Pension Plan Investment Board owns 647,908 shares. Zebra Cap Mngmt has invested 0.56% in UGI Corporation (NYSE:UGI). Oakbrook Investments Limited Com invested in 7,556 shares or 0.02% of the stock. British Columbia Invest Management Corporation holds 0.03% or 71,618 shares. Putnam Invs Lc holds 432,487 shares. Great Lakes Advsrs Ltd Llc invested 0.01% in UGI Corporation (NYSE:UGI).

Since February 7, 2018, it had 1 insider buy, and 0 insider sales for $99,815 activity.

The stock of Ugi Corporation (NYSE:UGI) registered an increase of 60.76% in short interest. UGI’s total short interest was 2.61 million shares in March as published by FINRA. Its up 60.76% from 1.62 million shares, reported previously. With 900,500 shares average volume, it will take short sellers 3 days to cover their UGI’s short positions. The short interest to Ugi Corporation’s float is 1.51%.

The stock decreased 0.05% or $0.02 during the last trading session, reaching $43.92. About 260,876 shares traded. UGI Corporation (NYSE:UGI) has risen 12.89% since March 14, 2017 and is uptrending. It has underperformed by 3.81% the S&P500.

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company has market cap of $7.60 billion. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale clients in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems. It has a 13.6 P/E ratio. The firm also distributes liquid petroleum gas to residential, commercial, industrial, agricultural, resale, and automobile fuel clients for heating, cooking, motor fuel, leisure, construction work, manufacturing, crop drying, power generation, aerosol propellant, and irrigation activities; and provides logistic, storage, and other services to third-party LPG distributors.

UGI Corporation (NYSE:UGI) Ratings Coverage

Among 5 analysts covering UGI Corp (NYSE:UGI), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. UGI Corp had 13 analyst reports since August 5, 2015 according to SRatingsIntel. Janney Capital downgraded the stock to “Neutral” rating in Friday, April 29 report. The stock has “Underweight” rating by Barclays Capital on Friday, November 10. The firm has “Hold” rating by Jefferies given on Wednesday, December 20. The stock of UGI Corporation (NYSE:UGI) has “Buy” rating given on Saturday, August 8 by Zacks. The firm has “Hold” rating given on Wednesday, August 5 by Zacks. The firm has “Underweight” rating by Barclays Capital given on Monday, June 20. The rating was reinitiated by Janney Capital on Thursday, May 26 with “Neutral”. The company was maintained on Wednesday, May 4 by Citigroup. As per Monday, October 16, the company rating was maintained by Jefferies. The stock has “Hold” rating by Jefferies on Thursday, August 31.

More notable recent UGI Corporation (NYSE:UGI) news were published by: Prnewswire.com which released: “This Morning’s Research Reports on Utilities Stocks — Sempra Energy, UGI Corp …” on February 28, 2018, also Bizjournals.com with their article: “Former P&G executive hired as CFO of energy firm” published on February 23, 2018, Streetinsider.com published: “Form 8-K UGI CORP /PA/ For: Mar 05” on March 06, 2018. More interesting news about UGI Corporation (NYSE:UGI) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Chesapeake Utilities, Xcel Energy and UGI” published on March 12, 2018 as well as Reuters.com‘s news article titled: “BRIEF-UGI Corp Elects Alan Harris To Its Board Of Directors” with publication date: March 06, 2018.

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