UGI Co. (NYSE:UGI) Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC boosted its position in UGI Co. (NYSE:UGI) by 36.8% during the second quarter, Holdings Channel.com reports. The fund owned 217,126 shares of the utilities provider’s stock after purchasing an additional 58,351 shares during the quarter. AE Wealth Management LLC’s holdings in UGI were worth $4,972,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Easterly Investment Partners LLC purchased a new stake in shares of UGI during the 1st quarter worth about $1,005,000. Bragg Financial Advisors Inc raised its stake in shares of UGI by 10.0% in the 4th quarter. Bragg Financial Advisors Inc now owns 652,439 shares of the utilities provider’s stock valued at $16,050,000 after acquiring an additional 59,543 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of UGI in the 2nd quarter valued at $2,088,000. Russell Investments Group Ltd. lifted its holdings 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 valued at $43,121,000 after acquiring an additional 83,219 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in 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 purchasing an additional 625,128 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Trading Down 1.9 %

NYSE UGI opened at $24.03 on Friday. The company’s fifty day simple moving average is $24.29 and its 200-day simple moving average is $24.16. The stock has a market cap of $5.04 billion, a P/E ratio of -58.61 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 current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.12. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. UGI had a net margin of 9.13% and a return on equity of 15.65%. The company’s quarterly revenue was down 16.8% compared to the same quarter last year. Equities research analysts predict that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.50 annualized dividend and a yield of 6.24%. UGI’s dividend payout ratio is presently -365.85%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut UGI from a “buy” rating to a “hold” rating in a research note 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.