Short Interest Coverage: Could Ugi Corporation (NYSE:UGI) Change Direction After More Shorts?

November 18, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Coverage: Could Ugi Corporation (NYSE:UGI) Change Direction After More Shorts?

The stock of Ugi Corporation (NYSE:UGI) registered an increase of 24.09% in short interest. UGI’s total short interest was 3.11 million shares in November as published by FINRA. Its up 24.09% from 2.50 million shares, reported previously. With 668,800 shares average volume, it will take short sellers 5 days to cover their UGI’s short positions. The short interest to Ugi Corporation’s float is 2.02%. About 90,716 shares traded hands. UGI Corp (NYSE:UGI) has risen 7.24% since April 18, 2016 and is uptrending. It has outperformed by 2.81% the S&P500.

UGI Corporation is a holding company. The company has a market cap of $7.79 billion. The Firm distributes, stores, transports and markets energy products and related services. It has a 21.2 P/E ratio. It operates through six divisions.

Insitutional Activity: The institutional sentiment decreased to 1.14 in Q2 2016. Its down 0.33, from 1.47 in 2016Q1. The ratio worsened, as 24 funds sold all UGI Corp shares owned while 113 reduced positions. 75 funds bought stakes while 127 increased positions. They now own 131.76 million shares or 1.45% less from 133.69 million shares in 2016Q1.
Commonwealth Savings Bank Of Australia holds 1.2% or 2.25M shares in its portfolio. Oakbrook Investments Limited Com holds 8,846 shares or 0.02% of its portfolio. Valley National Advisers has 5,374 shares for 0.13% of their US portfolio. Tiaa Cref Inv Lc holds 708,290 shares or 0.02% of its portfolio. Moreover, Oregon Pub Employees Retirement Fund has 0.07% invested in UGI Corp (NYSE:UGI) for 73,100 shares. British Columbia Invest Mngmt holds 0.03% of its portfolio in UGI Corp (NYSE:UGI) for 67,795 shares. Swiss Commercial Bank, a Switzerland-based fund reported 481,900 shares. Susquehanna Intl Grp Ltd Liability Partnership holds 0% of its portfolio in UGI Corp (NYSE:UGI) for 66,360 shares. Old Savings Bank In has 0.03% invested in the company for 10,859 shares. Alliancebernstein Limited Partnership holds 0.01% or 274,267 shares in its portfolio. Utah Retirement has invested 0.04% of its portfolio in UGI Corp (NYSE:UGI). Comerica Bankshares accumulated 208,592 shares or 0.08% of the stock. Commonwealth Equity Ser reported 68,827 shares or 0.03% of all its holdings. Snyder Capital Ltd Partnership holds 4.3% of its portfolio in UGI Corp (NYSE:UGI) for 1.46 million shares. Citadel Limited Liability Corp has invested 0% of its portfolio in UGI Corp (NYSE:UGI).

Insider Transactions: Since August 15, 2016, the stock had 0 insider buys, and 3 insider sales for $2.60 million net activity. 25,500 UGI Corp (NYSE:UGI) shares with value of $1.17M were sold by VINCENT ROGER B. Ortiz-Landazabal Marie-Dominique also sold $588,701 worth of UGI Corp (NYSE:UGI) on Tuesday, September 20. Beard Robert F. also sold $849,353 worth of UGI Corp (NYSE:UGI) on Thursday, September 8.

UGI Corp (NYSE:UGI) Ratings Coverage

Out of 3 analysts covering UGI Corp (NYSE:UGI), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. UGI Corp has been the topic of 7 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, April 29 by Janney Capital. As per Thursday, May 26, the company rating was reinitiated by Janney Capital. The firm has “Buy” rating given on Saturday, August 8 by Zacks. The firm has “Underweight” rating by Barclays Capital given on Monday, June 20. As per Wednesday, August 5, the company rating was upgraded by Zacks. The firm has “Neutral” rating given on Wednesday, May 4 by Citigroup.

UGI Company Profile

UGI Corporation, incorporated on December 20, 1991, is a holding company. The Company, through its subsidiaries, distributes, stores, transports and markets energy products and related services. The Firm operates through six divisions: AmeriGas Propane; an international liquefied petroleum gases (LPG) segment consisting of UGI France; an international LPG segment consisting of Flaga and AvantiGas; UGI Utilities; Energy Services, and Electric Generation. In the United States, the Company is a general partner and owns limited partner interests in a retail propane marketing and distribution business; owns and operates natural gas and electric distribution utilities; owns all or a portion of electricity generation facilities, and owns and operates an energy marketing, midstream infrastructure, storage, natural gas gathering, natural gas production and energy services business. Internationally, it markets and distributes propane and other LPG in Europe.

More recent UGI Corp (NYSE:UGI) news were published by: Fool.com which released: “UGI Corp Overcomes a Hot September to Deliver a Record Year” on November 10, 2016. Also Streetinsider.com published the news titled: “UGI Corp (UGI) Sees FY16 EPS at or Above Upper End of $1.95-$2.05” on October 12, 2016. Prnewswire.com‘s news article titled: “Research Reports Coverage on Utilities Stocks — UGI Corp., PNM Resources …” with publication date: November 02, 2016 was also an interesting one.

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