SG Americas Securities LLC Lowers Position in UGI Co. (NYSE:UGI)

SG Americas Securities LLC lessened its stake in shares of UGI Co. (NYSE:UGI) by 98.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,649 shares of the utilities provider’s stock after selling 534,860 shares during the period. SG Americas Securities LLC’s holdings in UGI were worth $175,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in UGI in the 4th quarter worth approximately $46,034,000. Vanguard Group Inc. boosted its position in shares of UGI by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 26,897,100 shares of the utilities provider’s stock worth $661,669,000 after purchasing an additional 625,128 shares during the period. Burney Co. increased its stake in shares of UGI by 488.6% in the first quarter. Burney Co. now owns 748,584 shares of the utilities provider’s stock worth $18,370,000 after purchasing an additional 621,409 shares in the last quarter. Heartland Advisors Inc. bought a new stake in shares of UGI during the 4th quarter valued at $8,965,000. Finally, Wellington Management Group LLP purchased a new position in shares of UGI during the 4th quarter valued at $7,388,000. Institutional investors own 82.34% of the company’s stock.

Wall Street Analysts Forecast Growth

UGI has been the topic of several research analyst reports. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Company lowered their price target on UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd.

UGI Stock Performance

Shares of NYSE UGI opened at $24.60 on Friday. The company has a market cap of $5.16 billion, a P/E ratio of -60.00 and a beta of 1.13. UGI Co. has a 52-week low of $20.19 and a 52-week high of $26.15. 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’s fifty day moving average is $23.62 and its two-hundred day moving average is $24.14.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.12. UGI had a return on equity of 15.65% and a net margin of 9.13%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.73 billion. UGI’s revenue for the quarter was down 16.8% compared to the same quarter last year. As a group, analysts anticipate that UGI Co. will post 2.92 EPS for the current fiscal year.

UGI Announces Dividend

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 given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.10%. UGI’s dividend payout ratio is currently -365.85%.

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.