UGI Co. (NYSE:UGI) Stock Position Boosted by XTX Topco Ltd

XTX Topco Ltd grew its stake in shares of UGI Co. (NYSE:UGI) by 130.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,015 shares of the utilities provider’s stock after buying an additional 37,322 shares during the quarter. XTX Topco Ltd’s holdings in UGI were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

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

UGI Trading Up 1.5 %

UGI stock opened at $24.51 on Friday. The company has a 50 day moving average price of $24.28 and a 200 day moving average price of $24.18. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. UGI Co. has a 52 week low of $20.19 and a 52 week high of $26.15. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of -59.77 and a beta of 1.13.

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

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.50 annualized dividend and a dividend yield of 6.12%. UGI’s dividend payout ratio (DPR) is presently -365.84%.

Analysts Set New Price Targets

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

UGI Company Profile

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.