AE Wealth Management LLC Boosts Position in UGI Co. (NYSE:UGI)

AE Wealth Management LLC grew its position in UGI Co. (NYSE:UGI) by 36.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,126 shares of the utilities provider’s stock after buying an additional 58,351 shares during the quarter. AE Wealth Management LLC owned 0.10% of UGI worth $4,972,000 at the end of the most recent quarter.

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

UGI Stock Performance

Shares of UGI opened at $24.03 on Friday. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of -58.61 and a beta of 1.13. 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 1 year low of $20.19 and a 1 year high of $26.15. The company’s 50 day simple moving average is $24.29 and its 200 day simple moving average is $24.16.

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

UGI Announces Dividend

The business also recently disclosed 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend is Monday, September 16th. UGI’s dividend payout ratio is currently -365.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a research 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.