Creative Planning Cuts Stake in UGI Co. (NYSE:UGI)

Creative Planning decreased its holdings in UGI Co. (NYSE:UGI) by 4.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,577 shares of the utilities provider’s stock after selling 1,986 shares during the period. Creative Planning’s holdings in UGI were worth $975,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Stolper Co boosted its stake in shares of UGI by 0.5% in the 1st quarter. Stolper Co now owns 78,764 shares of the utilities provider’s stock valued at $1,933,000 after purchasing an additional 430 shares in the last quarter. GAMMA Investing LLC boosted its position in UGI by 24.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock valued at $60,000 after buying an additional 512 shares during the period. Fulton Bank N.A. boosted its position in UGI by 3.9% during the 2nd quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock valued at $343,000 after buying an additional 558 shares during the period. Whittier Trust Co. boosted its position in UGI by 99.7% during 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 period. Finally, Concord Wealth Partners boosted its position in UGI by 100.0% during 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 period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Up 0.1 %

Shares of NYSE UGI opened at $23.93 on Friday. 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 firm has a fifty day simple moving average of $24.28 and a two-hundred day simple moving average of $24.14. The firm has a market capitalization of $5.14 billion, a PE ratio of -58.35 and a beta of 1.13. UGI Co. has a 12 month low of $20.19 and a 12 month high of $26.15.

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

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were paid a $0.375 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.50 annualized dividend and a dividend yield of 6.27%. UGI’s payout ratio is -365.84%.

Analyst Upgrades and Downgrades

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