Mercer Global Advisors Inc. ADV boosted its stake in UGI Co. (NYSE:UGI – Free Report) 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 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.
Check Out Our Latest Stock Report on UGI
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.
Further Reading
- Five stocks we like better than UGI
- What Are Some of the Best Large-Cap Stocks to Buy?
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Quiet Period Expirations Explained
- MarketBeat Week in Review – 9/23 – 9/27
- What Are Trending Stocks? Trending Stocks Explained
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Co. (NYSE:UGI – Free Report).
Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.