UGI Co. (NYSE:UGI) Shares Sold by PFG Investments LLC

PFG Investments LLC lessened its holdings in shares of UGI Co. (NYSE:UGI) by 22.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,683 shares of the utilities provider’s stock after selling 4,289 shares during the quarter. PFG Investments LLC’s holdings in UGI were worth $336,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. American National Bank purchased a new position in UGI during the first quarter worth about $27,000. Whittier Trust Co. lifted its holdings in shares of 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 acquiring an additional 598 shares during the period. Concord Wealth Partners boosted its position in shares of UGI by 100.0% in the first quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 637 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in UGI in the second quarter valued at approximately $32,000. Finally, Duncker Streett & Co. Inc. acquired a new position in UGI during the second quarter worth approximately $34,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

UGI Price Performance

UGI stock opened at $23.49 on Friday. The firm has a fifty day moving average of $24.12 and a 200-day moving average of $24.18. UGI Co. has a 52-week low of $20.19 and a 52-week high of $26.15. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $4.92 billion, a P/E ratio of -57.29 and a beta of 1.13.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.12. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.73 billion. UGI had a return on equity of 15.65% and a net margin of 9.13%. UGI’s quarterly revenue was down 16.8% on a year-over-year basis. As a group, analysts predict that UGI Co. will post 2.93 EPS for the current year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 6.39%. The ex-dividend date is Monday, September 16th. UGI’s dividend payout ratio (DPR) is presently -365.85%.

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.