UGI Co. (NYSE:UGI) Holdings Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of UGI Co. (NYSE:UGI) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,018 shares of the utilities provider’s stock after selling 4,839 shares during the period. Mutual of America Capital Management LLC owned 0.06% of UGI worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in UGI by 13.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,541,109 shares of the utilities provider’s stock worth $37,912,000 after acquiring an additional 177,428 shares during the period. Norges Bank acquired a new position in UGI during the 4th quarter valued at about $46,034,000. PNC Financial Services Group Inc. raised its position in shares of UGI by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 42,836 shares of the utilities provider’s stock worth $1,054,000 after buying an additional 6,231 shares in the last quarter. Eaton Financial Holdings Company LLC lifted its stake in shares of UGI by 15.7% in the 4th quarter. Eaton Financial Holdings Company LLC now owns 34,007 shares of the utilities provider’s stock worth $837,000 after acquiring an additional 4,624 shares during the period. Finally, United Services Automobile Association boosted its holdings in shares of UGI by 6.9% in the fourth quarter. United Services Automobile Association now owns 15,517 shares of the utilities provider’s stock valued at $382,000 after acquiring an additional 996 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

UGI Price Performance

Shares of UGI stock opened at $24.73 on Wednesday. UGI Co. has a 52 week low of $20.19 and a 52 week high of $26.15. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The company’s 50-day moving average price is $24.32 and its two-hundred day moving average price is $24.16. The stock has a market cap of $5.18 billion, a PE ratio of -60.32 and a beta of 1.13.

UGI (NYSE:UGI) last released its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.12. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. As a group, sell-side analysts anticipate that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date is Monday, September 16th. UGI’s dividend payout ratio (DPR) is presently -365.85%.

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.