Chesley Taft & Associates LLC Acquires Shares of 8,280 UGI Co. (NYSE:UGI)

Chesley Taft & Associates LLC bought a new position in shares of UGI Co. (NYSE:UGI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,280 shares of the utilities provider’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. American National Bank purchased a new position in UGI during the 1st quarter worth approximately $27,000. Whittier Trust Co. grew its position in shares of UGI by 99.7% during the second 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 last quarter. Concord Wealth Partners increased its holdings 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 valued at $31,000 after acquiring an additional 637 shares during the period. Hantz Financial Services Inc. purchased a new stake in UGI in the 2nd quarter valued at $32,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in UGI during the 2nd quarter worth $34,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Trading Down 0.2 %

NYSE:UGI opened at $23.76 on Wednesday. UGI Co. has a 12-month low of $20.19 and a 12-month 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 simple moving average is $24.32 and its 200-day simple moving average is $24.14. The firm has a market cap of $5.10 billion, a P/E ratio of -57.94 and a beta of 1.13.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.12. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.73 billion. UGI had a net margin of 9.13% and a return on equity of 15.65%. UGI’s quarterly revenue was down 16.8% compared to the same quarter last year. Equities analysts anticipate that UGI Co. will post 2.93 EPS for the current year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date was Monday, September 16th. UGI’s dividend payout ratio is presently -365.84%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of UGI from a “buy” rating to a “hold” rating in a research note 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.