Choreo LLC Invests $473,000 in UGI Co. (NYSE:UGI)

Choreo LLC bought a new position in UGI Co. (NYSE:UGI) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 20,821 shares of the utilities provider’s stock, valued at approximately $473,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UGI. Easterly Investment Partners LLC bought a new stake in shares of UGI during the 1st quarter worth approximately $1,005,000. Bragg Financial Advisors Inc lifted its stake in shares of UGI by 10.0% during the 4th quarter. Bragg Financial Advisors Inc now owns 652,439 shares of the utilities provider’s stock worth $16,050,000 after acquiring an additional 59,543 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of UGI during the 2nd quarter worth approximately $2,088,000. Russell Investments Group Ltd. lifted its stake in shares of UGI by 5.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider’s stock worth $43,121,000 after acquiring an additional 83,219 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of UGI by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 26,897,100 shares of the utilities provider’s stock worth $661,669,000 after acquiring an additional 625,128 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Up 2.3 %

Shares of UGI stock opened at $24.02 on Monday. UGI Co. has a 1-year low of $20.19 and a 1-year high of $26.15. The stock’s fifty day moving average price is $24.15 and its 200 day moving average price is $24.18. 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 company has a market cap of $5.16 billion, a price-to-earnings ratio of -58.58 and a beta of 1.13.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.12. The business had revenue of $1.38 billion for 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%. The business’s revenue was down 16.8% on a year-over-year basis. On average, research analysts expect that UGI Co. will post 2.93 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently announced 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. This represents a $1.50 annualized dividend and a dividend yield of 6.24%. The ex-dividend date is Monday, September 16th. UGI’s dividend payout ratio (DPR) is -365.84%.

Analysts Set New Price Targets

Separately, StockNews.com lowered 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.