Deprince Race & Zollo Inc. Has $10.18 Million Stock Position in UGI Co. (NYSE:UGI)

Deprince Race & Zollo Inc. cut its holdings in UGI Co. (NYSE:UGI) by 66.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 444,619 shares of the utilities provider’s stock after selling 894,280 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in UGI were worth $10,182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UGI. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 625,128 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in UGI by 1.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,746,241 shares of the utilities provider’s stock valued at $89,962,000 after purchasing an additional 45,630 shares during the last quarter. Federated Hermes Inc. boosted its position in UGI by 28.7% in the second quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock valued at $81,014,000 after buying an additional 788,457 shares in the last quarter. LSV Asset Management grew its stake in shares of UGI by 13.3% during the second quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider’s stock worth $69,267,000 after buying an additional 356,200 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of UGI by 84.9% during the second quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock worth $55,991,000 after buying an additional 1,122,766 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Price Performance

Shares of UGI opened at $24.64 on Friday. The business has a 50-day moving average of $24.32 and a 200-day moving average of $24.16. 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 capitalization of $5.29 billion, a price-to-earnings ratio of -60.10 and a beta of 1.13. UGI Co. has a 1 year low of $20.19 and a 1 year high of $26.15.

UGI (NYSE:UGI) last announced its quarterly earnings data 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 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 business’s quarterly revenue was down 16.8% compared to the same quarter last year. As a group, equities research analysts anticipate that UGI Co. will post 2.93 earnings per share for the current year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a $0.375 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a yield of 6.09%. UGI’s dividend payout ratio (DPR) is presently -365.84%.

Analysts Set New Price Targets

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