Sunday, June 26, 2022

Insider Selling: Walsh John L, UGI Corporation [UGI] Director divested 105,000 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. UGI Corporation shares valued at $4,447,317 were sold by Walsh John L on May 27. At $42.36 per share, Walsh John L sold 105,000 shares. The insider’s holdings dropped to 429,734 shares worth approximately $16.5 million following the completion of this transaction.


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Also, Walsh John L sold 0 shares, netting a total of over 19 in proceeds. Following the sale of shares at $38.31 each, the insider now holds 439,734 shares.

Before that, Perreault Roger had added 3,900 shares to its account. In a trade valued at $150,716, the President & CEO bought UGI Corporation shares for $38.65 each. Upon closing the transaction, the insider’s holdings increased to 3,900 shares, worth approximately $1.43 million.

As published in a research note from BofA Securities on March 07, 2022, UGI Corporation [UGI] has been rated down from a Buy to a Neutral and the price target has been revised to $38 from $46. This represents a -1.03% premium over Wednesday’s closing price. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid October. As of June 23, 2021, BofA Securities has increased its “Neutral” rating to a “Buy” for UGI.

Analyzing UGI’s Price Performance

On Wednesday, UGI Corporation [NYSE: UGI] plunged -0.34% to $38.39. The stock’s lowest price that day was $37.88, but it reached a high of $38.64 in the same session. During the last five days, there has been a drop of approximately -3.32%. Over the course of the year, UGI Corporation shares have dropped approximately -16.38%. Shares of the company reached a 52-week high of $47.04 on 01/19/22 and a 52-week low of $33.04 on 03/11/22. A 50-day SMA is recorded $39.00, while a 200-day SMA reached $41.40. Nevertheless, trading volume fell to 1.07 million shares from 1.24 million shares the previous day.

Support And Resistance Levels for UGI Corporation (UGI)

According to the 24-hour chart, there is a support level at 37.97, which, if violated, would cause prices to drop to 37.54. In the upper region, resistance lies at 38.73. The next price resistance is at 39.06. RSI (Relative Strength Index) is 39.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.04, which suggests the price will decrease in the coming days. Percent R is at 86.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Which companies own the most shares of UGI Corporation (UGI)?

According to BlackRock Fund Advisors filings, the company currently owns 24,197,076 shares, which is about 11.52% of the total UGI shares outstanding. The investor’s shares have appreciated by 5,715,379 from its previous 13-F filing of 18481697.0 shares. With the completion of the sale, The Vanguard Group, Inc.’s stake is now worth $941,542,198. SSgA Funds Management, Inc. acquire a 3.76% interest valued at $616.48 million while Wellington Management Co. LLP sold a -2,052,184 stake. A total of -46,873 shares of UGI Corporation were sold by First Eagle Investment Management during the quarter, and 180,121 were bought by DWS Investment GmbH. In its current portfolio, Snyder Capital Management LP holds 3,708,207 shares valued at $158.49 million.

In terms of UGI Corporation share price expectations, FactSet research, analysts set an average price target of $45.25 in the next 12 months, up nearly 5.14% from the previous closing price of $38.52. Analysts anticipate UGI Corporation stock to reach $60.00 by 2022, with the lowest price target being $40.00. In spite of this, 4 analysts ranked UGI Corporation stock as a Hold at the end of 2022. On July 16, 2020, Barclays assigned a price target of “an Equal weight” to the stock and upgraded coverage with a $37.

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