Easterly Investment Partners LLC Raises Stock Position in UGI Co. (NYSE:UGI)

Easterly Investment Partners LLC grew its stake in UGI Co. (NYSE:UGI) by 43.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,788 shares of the utilities provider’s stock after purchasing an additional 17,818 shares during the quarter. Easterly Investment Partners LLC’s holdings in UGI were worth $1,346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Stolper Co raised its holdings in shares of UGI by 0.5% during the first quarter. Stolper Co now owns 78,764 shares of the utilities provider’s stock valued at $1,933,000 after acquiring an additional 430 shares during the last quarter. Applied Finance Capital Management LLC lifted its stake in shares of UGI by 4.2% in the fourth quarter. Applied Finance Capital Management LLC now owns 12,583 shares of the utilities provider’s stock worth $310,000 after buying an additional 503 shares in the last quarter. GAMMA Investing LLC boosted its position in UGI by 24.2% during the second 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 last quarter. Fulton Bank N.A. grew its stake 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 acquiring an additional 558 shares in the last quarter. Finally, Concord Wealth Partners grew its stake 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 acquiring an additional 637 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UGI. StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Company cut their target price on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd.

UGI Trading Up 0.6 %

Shares of NYSE UGI traded up $0.14 during mid-day trading on Monday, reaching $24.74. 1,017,996 shares of the company’s stock were exchanged, compared to its average volume of 2,187,014. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of -60.00 and a beta of 1.13. The company’s 50-day moving average is $23.62 and its 200-day moving average is $24.15. UGI Co. has a 52-week low of $20.19 and a 52-week high of $26.15.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.12. The firm had revenue of $1.38 billion for 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 quarterly revenue was down 16.8% on a year-over-year basis. Analysts expect that UGI Co. will post 2.92 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.50 annualized dividend and a dividend yield of 6.06%. UGI’s dividend payout ratio is presently -365.84%.

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.