Dimensional Fund Advisors LP Acquires 566,416 Shares of UGI Co. (NYSE:UGI)

Dimensional Fund Advisors LP lifted its position in UGI Co. (NYSE:UGI) by 32.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,327,248 shares of the utilities provider’s stock after buying an additional 566,416 shares during the quarter. Dimensional Fund Advisors LP owned about 1.11% of UGI worth $53,293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 625,128 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of UGI by 1.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,746,241 shares of the utilities provider’s stock worth $89,962,000 after buying an additional 45,630 shares during the period. Federated Hermes Inc. boosted its holdings in shares of UGI by 28.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock worth $81,014,000 after buying an additional 788,457 shares during the period. LSV Asset Management boosted its holdings in shares of UGI by 13.3% during the 2nd 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 period. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of UGI during the 2nd quarter worth $53,371,000. 82.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

UGI Price Performance

Shares of UGI stock opened at $24.93 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. UGI Co. has a fifty-two week low of $20.19 and a fifty-two week high of $26.15. The firm has a fifty day moving average price of $24.34 and a two-hundred day moving average price of $24.16. The company has a market cap of $5.35 billion, a PE ratio of -60.80 and a beta of 1.13.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.73 billion. The firm’s revenue for the quarter was down 16.8% on a year-over-year basis. Analysts expect that UGI Co. will post 2.93 EPS for the current year.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis 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 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.