Decade Renewable Partners LP Buys Shares of 268,300 UGI Co. (NYSE:UGI)

Decade Renewable Partners LP bought a new stake in shares of UGI Co. (NYSE:UGI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 268,300 shares of the utilities provider’s stock, valued at approximately $6,144,000. UGI comprises approximately 3.0% of Decade Renewable Partners LP’s investment portfolio, making the stock its 13th biggest holding.

A number of other hedge funds have also recently bought and sold shares of UGI. American National Bank acquired a new position in shares of UGI during the first quarter valued at about $27,000. Whittier Trust Co. lifted its position in shares of 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. Concord Wealth Partners lifted its position in shares of 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. Hantz Financial Services Inc. acquired a new stake in shares of UGI during the 2nd quarter worth approximately $32,000. Finally, Duncker Streett & Co. Inc. bought a new stake in shares of UGI during the second quarter valued at approximately $34,000. 82.34% of the stock is owned by institutional investors.

UGI Stock Up 0.0 %

NYSE UGI opened at $24.73 on Thursday. UGI Co. has a 1-year low of $20.19 and a 1-year high of $26.15. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The stock’s 50 day moving average is $24.32 and its two-hundred day moving average is $24.16. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of -60.32 and a beta of 1.13.

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

UGI Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend is Monday, September 16th. UGI’s dividend payout ratio (DPR) is currently -365.85%.

Analyst Ratings Changes

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

About UGI

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.