Chesley Taft & Associates LLC Invests $207,000 in UGI Co. (NYSE:UGI)

Chesley Taft & Associates LLC bought a new stake in UGI Co. (NYSE:UGI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,280 shares of the utilities provider’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American National Bank purchased a new stake in shares of UGI in the 1st quarter valued at $27,000. Whittier Trust Co. grew its position in UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 598 shares in the last quarter. Concord Wealth Partners increased its stake 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 purchasing an additional 637 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of UGI during the second quarter worth about $32,000. Finally, Duncker Streett & Co. Inc. purchased a new position in shares of UGI in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Analyst Ratings Changes

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

UGI Price Performance

Shares of UGI opened at $23.76 on Wednesday. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of -57.94 and a beta of 1.13. The firm’s fifty day simple moving average is $24.32 and its 200-day simple moving average is $24.14. UGI Co. has a twelve month low of $20.19 and a twelve month 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.

UGI (NYSE:UGI) last posted 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 firm had revenue of $1.38 billion for the quarter, compared to analyst estimates 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. Equities analysts forecast that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were paid a $0.375 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.50 annualized dividend and a yield of 6.31%. UGI’s dividend payout ratio is currently -365.84%.

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.