Quest Partners LLC Cuts Stock Holdings in UGI Co. (NYSE:UGI)

Quest Partners LLC lowered its stake in shares of UGI Co. (NYSE:UGI) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,152 shares of the utilities provider’s stock after selling 1,040 shares during the period. Quest Partners LLC’s holdings in UGI were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. American National Bank bought a new stake in shares of UGI in the 1st quarter valued at about $27,000. Whittier Trust Co. grew its holdings in UGI by 99.7% in the second 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 last quarter. Concord Wealth Partners increased its position in shares of UGI by 100.0% during the first quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 637 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of UGI during the 2nd quarter valued at $32,000. Finally, Duncker Streett & Co. Inc. purchased a new position in UGI during the 2nd quarter worth $34,000. Institutional investors own 82.34% of the company’s stock.

UGI Trading Up 0.1 %

NYSE:UGI opened at $23.49 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The firm has a fifty day simple moving average of $24.12 and a 200-day simple moving average of $24.18. The company has a market capitalization of $4.92 billion, a P/E ratio of -57.29 and a beta of 1.13. UGI Co. has a 12 month low of $20.19 and a 12 month high of $26.15.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.12. UGI had a net margin of 9.13% and a return on equity of 15.65%. The firm 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. On average, equities research analysts anticipate that UGI Co. will post 2.93 earnings per share for the current year.

UGI Announces Dividend

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 of this dividend is Monday, September 16th. UGI’s dividend payout ratio is currently -365.85%.

Analyst Ratings Changes

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

UGI Company 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.