The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. UGI Corporation shares valued at $2,928,900 were sold by Walsh John L on Sep 01. At $39.05 per share, Walsh John L sold 75,000 shares. The insider’s holdings dropped to 429,734 shares worth approximately $15.13 million following the completion of this transaction.
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Also, Walsh John L sold 75,000 shares, netting a total of over 2,962,950 in proceeds. Following the sale of shares at $39.51 each, the insider now holds 429,734 shares.
Before that, Walsh John L had sold 105,000 shares from its account. In a trade valued at $4,447,317, the Director traded UGI Corporation shares for $42.36 each. Upon closing the transaction, the insider’s holdings decreased to 105,000 shares, worth approximately $15.13 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 7.34% premium over Thursday’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 Thursday, UGI Corporation [NYSE: UGI] plunged -0.79% to $35.21. The stock’s lowest price that day was $34.825, but it reached a high of $35.42 in the same session. During the last five days, there has been a drop of approximately -6.38%. Over the course of the year, UGI Corporation shares have dropped approximately -23.31%. 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 $40.21, while a 200-day SMA reached $40.11. Nevertheless, trading volume fell to 1.11 million shares from 0.79 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 34.88, which, if violated, would cause prices to drop to 34.56. In the upper region, resistance lies at 35.48. The next price resistance is at 35.75. RSI (Relative Strength Index) is 24.86 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.38, which suggests the price will decrease in the coming days. Percent R is at 93.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is UGI Corporation subject to short interest?
Stocks of UGI Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.14 million shares to 4.14 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.28 million shares. A decline of -51.69% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.45 of the overall float, the days-to-cover ratio (short ratio) decline to 3.45.
Which companies own the most shares of UGI Corporation (UGI)?
According to BlackRock Fund Advisors filings, the company currently owns 24,321,674 shares, which is about 11.62% of the total UGI shares outstanding. The investor’s shares have appreciated by 124,598 from its previous 13-F filing of 24197076.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $898,154,476. SSgA Funds Management, Inc. acquire a 27.39% interest valued at $725.81 million while First Eagle Investment Management sold a -29,467 stake. A total of -73,184 shares of UGI Corporation were sold by DWS Investment GmbH during the quarter, and -2,851,772 were sold by Wellington Management Co. LLP. In its current portfolio, Snyder Capital Management LP holds 3,950,761 shares valued at $156.06 million.
In terms of UGI Corporation share price expectations, FactSet research, analysts set an average price target of $46.25 in the next 12 months, up nearly 19.75% from the previous closing price of $35.49. 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.