Ashton Thomas Private Wealth LLC Purchases New Stake in UGI Co. (NYSE:UGI)

Ashton Thomas Private Wealth LLC acquired a new position in shares of UGI Co. (NYSE:UGI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,163 shares of the utilities provider’s stock, valued at approximately $50,000.

Several other large investors also recently made changes to their positions in UGI. American National Bank purchased a new stake in UGI during the 1st quarter worth $27,000. Whittier Trust Co. boosted its position in shares of UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after buying an additional 598 shares during the period. Concord Wealth Partners grew its stake in shares of UGI by 100.0% in the first quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $31,000 after buying an additional 637 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in UGI during the 2nd quarter worth approximately $32,000. Finally, Duncker Streett & Co. Inc. purchased a new position in UGI in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Stock Performance

Shares of UGI opened at $24.02 on Monday. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of -58.58 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average is $24.15 and its two-hundred day moving average is $24.18. UGI Co. has a 52-week low of $20.19 and a 52-week high of $26.15.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.12. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.73 billion. UGI had a net margin of 9.13% and a return on equity of 15.65%. The firm’s quarterly revenue was down 16.8% compared to the same quarter last year. Analysts forecast that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 6.24%. The ex-dividend date is Monday, September 16th. UGI’s dividend payout ratio is currently -365.84%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

About UGI

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.