Marshall Wace LLP Invests $392,000 in UGI Co. (NYSE:UGI)

Marshall Wace LLP purchased a new stake in UGI Co. (NYSE:UGI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,107 shares of the utilities provider’s stock, valued at approximately $392,000.

Other hedge funds also recently added to or reduced their stakes in the company. American National Bank purchased a new stake in UGI in the first quarter valued at approximately $27,000. Whittier Trust Co. boosted its stake in 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 period. Concord Wealth Partners grew its position in 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 position in UGI in the second quarter valued at $32,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in shares of UGI in the second quarter valued at about $34,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Stock Up 0.1 %

Shares of UGI stock opened at $23.93 on Friday. The company has a market cap of $5.14 billion, a P/E ratio of -58.36 and a beta of 1.13. The firm has a fifty day moving average of $24.28 and a two-hundred day moving average of $24.14. 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 one year low of $20.19 and a one year high of $26.15.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. The company 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 business’s quarterly revenue was down 16.8% compared to the same quarter last year. On average, analysts forecast that UGI Co. will post 2.93 earnings per share for the current year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were given a dividend of $0.375 per share. The ex-dividend date was Monday, September 16th. This represents a $1.50 annualized dividend and a dividend yield of 6.27%. UGI’s payout ratio is currently -365.84%.

Analyst Ratings Changes

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

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.