NewEdge Advisors LLC Purchases 7,690 Shares of UGI Co. (NYSE:UGI)

NewEdge Advisors LLC increased its holdings in shares of UGI Co. (NYSE:UGI) by 9.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,151 shares of the utilities provider’s stock after acquiring an additional 7,690 shares during the period. NewEdge Advisors LLC’s holdings in UGI were worth $2,042,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of UGI. Stolper Co grew its holdings in UGI by 0.5% during 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 last quarter. GAMMA Investing LLC raised its position 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 purchasing an additional 512 shares during the last quarter. Fulton Bank N.A. lifted its holdings in UGI by 3.9% during the 2nd quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock worth $343,000 after buying an additional 558 shares in the last quarter. Whittier Trust Co. boosted its position in UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after buying an additional 598 shares during the last quarter. Finally, Concord Wealth Partners boosted its position in UGI by 100.0% in the 1st quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $31,000 after buying an additional 637 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

UGI Price Performance

UGI opened at $24.17 on Friday. The company has a fifty day moving average price of $24.34 and a two-hundred day moving average price of $24.15. The firm has a market capitalization of $5.19 billion, a PE ratio of -58.94 and a beta of 1.13. UGI Co. has a 52 week low of $20.19 and a 52 week 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.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, topping 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 business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.73 billion. UGI’s revenue for the quarter was down 16.8% on a year-over-year basis. As a group, analysts anticipate that UGI Co. will post 2.93 earnings per share for the current year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were given a $0.375 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.21%. UGI’s dividend 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.