Mercer Global Advisors Inc. ADV Grows Stock Position in UGI Co. (NYSE:UGI)

Mercer Global Advisors Inc. ADV boosted its stake in UGI Co. (NYSE:UGI) by 15.5% in the second quarter, Holdings Channel reports. The fund owned 19,157 shares of the utilities provider’s stock after buying an additional 2,573 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in UGI were worth $439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stolper Co boosted its holdings in UGI by 0.5% in the 1st quarter. Stolper Co now owns 78,764 shares of the utilities provider’s stock worth $1,933,000 after acquiring an additional 430 shares during the period. GAMMA Investing LLC boosted its holdings in UGI by 24.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 512 shares during the period. Fulton Bank N.A. boosted its holdings in UGI by 3.9% in the 2nd quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock worth $343,000 after acquiring an additional 558 shares during the period. Whittier Trust Co. boosted its holdings in UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 598 shares during the period. Finally, Concord Wealth Partners boosted 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 acquiring an additional 637 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

Shares of UGI opened at $24.93 on Friday. The business’s 50 day moving average is $24.34 and its two-hundred day moving average is $24.16. UGI Co. has a 52-week low of $20.19 and a 52-week high of $26.15. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of -60.80 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34.

UGI (NYSE:UGI) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. UGI had a return on equity of 15.65% and a net margin of 9.13%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. UGI’s revenue was down 16.8% on a year-over-year basis. Analysts forecast that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Dividend Announcement

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

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 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.