EverSource Wealth Advisors LLC Raises Stock Holdings in UGI Co. (NYSE:UGI)

EverSource Wealth Advisors LLC lifted its stake in UGI Co. (NYSE:UGI) by 151.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,602 shares of the utilities provider’s stock after acquiring an additional 3,980 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in UGI were worth $164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. American National Bank bought a new position in UGI in the first quarter valued at about $27,000. Whittier Trust Co. raised its stake in UGI by 99.7% during the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 598 shares during the period. Concord Wealth Partners lifted its holdings in UGI by 100.0% in the 1st 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. bought a new position in UGI in the 2nd quarter worth approximately $32,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in UGI during the 2nd quarter valued at approximately $34,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Price Performance

Shares of UGI stock opened at $24.73 on Thursday. The firm has a market cap of $5.18 billion, a PE ratio of -60.32 and a beta of 1.13. The stock has a 50 day moving average of $24.32 and a 200 day moving average of $24.16. 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 Co. has a 12 month low of $20.19 and a 12 month high of $26.15.

UGI (NYSE:UGI) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates 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%. The firm’s quarterly revenue was down 16.8% compared to the same quarter last year. On average, research analysts expect that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date is Monday, September 16th. UGI’s payout ratio is -365.85%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a 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.