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| Top Buys by Directors: Hermance's $1.1M Bet on UGIBy Energy Stock Channel Staff, Tuesday, August 14, 11:29 AM ET
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $1.1M by Frank S. Hermance, Director at UGI Corp. (NYSE:UGI). Hermance bets big on UGI:
Hermance's average cost works out to $30.36/share. Shares of UGI Corp. were changing hands at $30.84 at last check, trading up about 1.6% on Tuesday. The chart below shows the one year performance of UGI shares, versus its 200 day moving average:
Looking at the chart above, UGI's low point in its 52 week range is $24.07 per share, with $31.51 as the 52 week high point — that compares with a last trade of $30.84. The current annualized dividend paid by UGI Corp. is $1.08/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 09/12/2012. Below is a long-term dividend history chart for UGI, which can be of good help in judging whether the most recent dividend with approx. 3.6% annualized yield is likely to continue.
According to the ETF Finder at ETF Channel, UGI makes up 1.70% of the High Yield Equity Dividend Achievers Portfolio ETF (AMEX:PEY) which is trading higher by about 0.2% on the day Tuesday. See what other ETFs contain UGI » Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial .
Find the right mix of model portfolios today at PortfolioChannel.com
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One Reason For Insiders to Buy
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