Integrated Advisors Network LLC Acquires Stake in UGI Co. while CEO Roger Perreault Displays Confidence through Stock Purchase
Date: August 8, 2023
In an intriguing turn of events, the renowned financial management firm, Integrated Advisors Network LLC, has recently acquired a significant stake in UGI Co. (NYSE:UGI). This purchase is disclosed in the company’s most recent 13F filing with the Securities & Exchange Commission for the first quarter. As per reports, Integrated Advisors Network LLC purchased 25,948 shares of UGI stock, valued at approximately $902,000.
UGI Co., a leading utilities provider, seems to have caught the attention of Integrated Advisors Network LLC due to its potential for growth and consistent performance in the industry. The acquisition of such a substantial stake highlights the firm’s astute investment strategies and confidence in UGI’s future prospects.
Exemplifying their unwavering belief in UGI’s value proposition, CEO Roger Perreault expressed his own confidence by personally investing in the company as well. On May 24th, Perreault purchased 3,565 shares of UGI stock at an average cost of $27.98 per share, amounting to a total value of $99,748.70. With this transaction’s completion, he now directly holds an impressive 41,125 shares of the company’s stock with an estimated value of $1,150,677.50.
This significant stock purchase by the Chief Executive Officer stands out as it provides investors with a clear indication that someone at the helm has faith in UGI’s future prospects. Such actions taken by company insiders often serve as powerful indicators for stakeholders seeking insight into current market conditions.
The disclosure of Perreault’s purchase was fulfilled through a filing with Securities & Exchange Commission and can be readily accessed on their official website for further scrutiny and analysis. At present, approximately 2.30% of UGI’s stock is owned by company insiders, further cementing their commitment to the success of the organization.
Moreover, UGI continues to bolster investor confidence by declaring a quarterly dividend. Scheduled to be paid on Sunday, October 1st, the dividend will be distributed among investors of record on Friday, September 15th. Each shareholder will receive $0.375 per share as a dividend payment. The ex-dividend date for this announcement is Thursday, September 14th.
This favorable dividend policy demonstrates UGI’s commitment to providing attractive returns to its shareholders while maintaining financial stability and growth. With an annualized base dividend payout ratio of $1.50 and a yield of 6.16%, investors have yet another reason to remain optimistic about UGI’s long-term value proposition.
In conclusion, Integrated Advisors Network LLC’s acquisition of a substantial stake in UGI Co., coupled with CEO Roger Perreault’s personal investment through stock purchase, highlights the market’s increasing perplexity regarding this utilities provider’s potential for growth and profitability. As evidenced by UGI Co.’s declaration of quarterly dividends and strong insider ownership, stakeholders can draw confidence from these signs that the company remains committed to shareholder welfare amidst dynamic market conditions.&
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UGI’s Attractiveness to Institutional Investors Grows as CEO Makes Strategic Purchase
UGI Continues to Attract Institutional Investors as CEO Makes Strategic Purchase
Date: August 8, 2023
UGI Co., a utilities provider with a market capitalization of $5.10 billion, has recently witnessed increased interest from institutional investors. Hedge funds and other institutions have both reduced and added to their stakes in the company, emphasizing the dynamic nature of the market.
Janney Montgomery Scott LLC, a prominent investment firm, grew its position in UGI by 8.3% during the fourth quarter. This move reinforced confidence in the utilities provider’s stock and demonstrated Janney Montgomery Scott LLC’s belief in UGI’s potential for growth. Acquisition of an additional 12,475 shares amounted to an approximate value of $6,063,000 during this period.
Exchange Traded Concepts LLC also displayed confidence in UGI’s prospects by increasing its position by 2.8% during the fourth quarter. With an additional acquisition of 405 shares worth approximately $550,000, Exchange Traded Concepts LLC indicated its affirmation of UGI’s future prospects.
Additionally, abrdn plc increased its stake in UGI by 6.0% during the fourth quarter, adding value to their holdings valued at $3,427,000 with an extra 5,266 shares purchased. Moreover, Toronto Dominion Bank witnessed a significant increase in its position within the same time frame as they acquired an additional 15,933 shares worth approximately $2,267,000.
Furthermore, Commonwealth of Pennsylvania Public School Empls Retrmt SYS demonstrated their growing belief in UGI’s performance by increasing their position by 13.5%, resulting in an acquisition of an additional 11,176 shares valued at around $3,492,000.
Given these developments among institutional investors and hedge funds mentioned above alone which collectively represent a significant portion (81.79%) of total ownership currently held within UGI, it is clear that UGI’s stock has attracted attention and confidence from renowned market participants.
UGI’s recent market performance reflects a notable range of price fluctuations. As of Tuesday, the opening value stood at $24.35, with UGI experiencing both a 12-month high of $43.19 and a 12-month low of $24.26. This variability suggests a degree of volatility in the securities market affecting the utilities provider.
Notably, UGI’s CEO, Roger Perreault, made a strategic move by personally acquiring 3,565 shares of UGI stock on May 24th at an average cost of $27.98 per share. The purchase amounted to approximately $99,748.70 and increased Perreault’s direct holdings to 41,125 shares valued around $1,150,677.50.
The disclosure of this purchase was filed with the Securities & Exchange Commission, underscoring transparency in UGI’s management practices and signaling firm commitment from its leadership team.
Several analysts have recently issued reports on UGI’s stock performance as well. Barclays reduced their target price on UGI shares from $40.00 to $37.00 in a research report released on April 18th. Mizuho followed suit by lowering their target price from $38.00 to $33.00 in a research report published on June 21st.
Wells Fargo & Company also adjusted their target price downwards; however, they maintained the rating as “equal weight.” Finally, StockNews.com upgraded UGI from a “sell” rating to a “hold” rating on August 3rd.
To conclude, institutional investors’ continued interest in UGI demonstrates growing confidence in the company’s future prospects for growth and stability within the utilities sector. This interest coincides with strategic movements by figures such as CEO Roger Perreault who personally invested in UGI stocks.
The market’s volatility and the varied assessments of analysts reflect the ever-evolving landscape UGI navigates. However, with a strong presence in the industry, UGI remains resilient and has positioned itself as a key player in the utilities sector.
