Short traders are more bearish on shares of AmeriGas Partners, L.P. recently if you consider the uptick in short interest. The firm had a rise in short interest between September 29, 2017 and October 13, 2017 of 5.10%. Short interest increased from 2,279,102 to 2,395,429 over that period. Days to cover increased 15.0 to 27.0 and the percentage of shorted shares was 0.03% on October 13.
A few notable investment firms have updated their holdings. Bbva Compass Bancshares, Inc downsized its investment by selling 1,474 shares a decrease of 8.9% in the quarter. Bbva Compass Bancshares, Inc now controls 15,136 shares with a value of $680,000. The total value of its holdings decreased 9.3%. As of the end of the quarter Raymond James Financial Services Advisors, Inc. had acquired a total of 1,244 shares growing its holdings by 1.9%. The value of the investment in AmeriGas Partners, L.P. increased from $2,929,000 to $2,970,000 a change of $41,000 quarter to quarter.
Hudock Capital Group, LLC augmented its ownership by buying 2,765 shares an increase of 392.8% as of 09/30/2017. Hudock Capital Group, LLC controls 3,469 shares worth $155,000. The value of the position overall is up by 400.0%. Finemark National Bank & Trust cut its stake by selling 1,994 shares a decrease of 21.6%. Finemark National Bank & Trust currently owns 7,217 shares valued at $324,000. The total value of its holdings decreased 22.1%.
In the market the company is trading up from yesterday’s close of $45.25. AmeriGas Partners, L.P. also recently declared a dividend for shareholders which will be paid on Friday the 17th of November 2017. The dividend will be $0.950 per share for the quarter which comes to $3.80 on an annualized basis. This dividend represents a yield of $8.44 which is the dividend as a percentage of the current share price. The ex-dividend date is Tuesday the 8th of August 2017.
Company shares last traded at $45.25 a tad higher than the 50 day moving average which is $44.44 and just a bit higher than the 200 day moving average of $44.42. The 50 day moving average was up by +1.82% and the 200 day average went up $0.83 or +1.88%.
The P/E ratio is currently 85.38 and the market cap is 4.21B. As of the latest earnings report the EPS was $0.53 and is projected to be $0.98 for the current year with 92,958,000 shares outstanding. Next quarter’s EPS is expected be $1.31 and the next full year EPS is projected to be $2.82.
AmeriGas Partners, L.P., launched on November 2, 1994, is a holding company. The Company is a retail propane distributor in the United States. It serves approximately two million residential, commercial, industrial, agricultural, wholesale and motor fuel customers in all 50 states from approximately 2,000 propane distribution locations. It operates through the segment that engages in the distribution of propane and related equipment and supplies. The Company conducts its business through its subsidiary, AmeriGas Propane, L.P. (AmeriGas OLP or Operating Partnership). AmeriGas Propane, Inc. is the Business’s general partner (the General Partner) and is responsible for managing its operations..Advertisement