UGI Co. (NYSE:UGI) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its position in shares of UGI Co. (NYSE:UGI) by 4.7% during the second quarter, Holdings Channel.com reports. The firm owned 144,924 shares of the utilities provider’s stock after selling 7,079 shares during the period. Raymond James & Associates’ holdings in UGI were worth $3,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in UGI in the 4th quarter valued at $46,034,000. Vanguard Group Inc. grew its stake in UGI by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 26,897,100 shares of the utilities provider’s stock valued at $661,669,000 after acquiring an additional 625,128 shares during the period. Burney Co. grew its stake in UGI by 488.6% in the 1st quarter. Burney Co. now owns 748,584 shares of the utilities provider’s stock valued at $18,370,000 after acquiring an additional 621,409 shares during the period. SG Americas Securities LLC grew its stake in UGI by 2,552.2% in the 1st quarter. SG Americas Securities LLC now owns 542,509 shares of the utilities provider’s stock valued at $13,313,000 after acquiring an additional 522,054 shares during the period. Finally, Heartland Advisors Inc. purchased a new position in UGI in the 4th quarter valued at $8,965,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Trading Up 1.2 %

Shares of UGI stock opened at $24.91 on Friday. The stock’s fifty day moving average is $23.85 and its two-hundred day moving average is $24.18. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The firm has a market capitalization of $5.35 billion, a P/E ratio of -60.75 and a beta of 1.13. UGI Co. has a fifty-two week low of $20.19 and a fifty-two week 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. UGI had a return on equity of 15.65% and a net margin of 9.13%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. The business’s revenue was down 16.8% compared to the same quarter last year. Research analysts expect that UGI Co. will post 2.93 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders 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 annualized dividend and a dividend yield of 6.02%. UGI’s dividend payout ratio is presently -365.84%.

Analyst Ratings Changes

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

UGI 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.