Invst LLC Sells 847 Shares of UGI Co. (NYSE:UGI)

Invst LLC lessened its holdings in UGI Co. (NYSE:UGI) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,538 shares of the utilities provider’s stock after selling 847 shares during the quarter. Invst LLC’s holdings in UGI were worth $626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of UGI. Treasurer of the State of North Carolina grew its stake in UGI by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 92,662 shares of the utilities provider’s stock valued at $2,279,000 after purchasing an additional 900 shares during the period. KBC Group NV grew its stake in UGI by 79.0% in the 4th quarter. KBC Group NV now owns 112,284 shares of the utilities provider’s stock valued at $2,762,000 after purchasing an additional 49,547 shares during the period. The Manufacturers Life Insurance Company grew its stake in UGI by 32.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,059,120 shares of the utilities provider’s stock valued at $26,054,000 after purchasing an additional 261,854 shares during the period. Gabelli Funds LLC lifted its position in shares of UGI by 0.5% during the 4th quarter. Gabelli Funds LLC now owns 520,100 shares of the utilities provider’s stock valued at $12,794,000 after buying an additional 2,500 shares during the last quarter. Finally, Keeley Teton Advisors LLC lifted its position in shares of UGI by 32.2% during the 4th quarter. Keeley Teton Advisors LLC now owns 76,292 shares of the utilities provider’s stock valued at $1,877,000 after buying an additional 18,592 shares during the last quarter. Institutional investors own 82.34% of the company’s stock.

Analysts Set New Price Targets

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

UGI Stock Up 0.3 %

Shares of NYSE UGI opened at $25.01 on Tuesday. UGI Co. has a one year low of $20.19 and a one year high of $26.15. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. The business’s fifty day moving average price is $24.35 and its 200-day moving average price is $24.14. The stock has a market capitalization of $5.37 billion, a PE ratio of -61.00 and a beta of 1.13.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts anticipate that UGI Co. will post 2.93 EPS for the current year.

UGI Dividend Announcement

The business 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 dividend of $0.375 per share. The ex-dividend date is Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a yield of 6.00%. UGI’s dividend payout ratio (DPR) is -365.84%.

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.