Scientech Research LLC Acquires Shares of 60,030 UGI Co. (NYSE:UGI)

Scientech Research LLC bought a new position in shares of UGI Co. (NYSE:UGI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 60,030 shares of the utilities provider’s stock, valued at approximately $1,375,000.

A number of other large investors have also recently made changes to their positions in the stock. Easterly Investment Partners LLC purchased a new position in UGI in the 1st quarter worth about $1,005,000. Bragg Financial Advisors Inc increased its position in shares of UGI by 10.0% during the fourth quarter. Bragg Financial Advisors Inc now owns 652,439 shares of the utilities provider’s stock worth $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 during the second quarter worth approximately $2,088,000. Russell Investments Group Ltd. boosted its holdings in shares of UGI by 5.0% in the first quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider’s stock valued at $43,121,000 after purchasing an additional 83,219 shares during the period. Finally, Vanguard Group Inc. grew its stake in 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 in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

UGI Trading Up 1.2 %

NYSE UGI opened at $24.93 on Friday. UGI Co. has a one year low of $20.19 and a one year 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 company has a market capitalization of $5.35 billion, a price-to-earnings ratio of -60.80 and a beta of 1.13. The company’s 50-day simple moving average is $24.33 and its two-hundred day simple moving average is $24.16.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.12. The company 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 firm’s revenue was down 16.8% on a year-over-year basis. Equities analysts forecast that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Monday, September 16th. UGI’s payout ratio is -365.84%.

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.