RPG Investment Advisory LLC Acquires 16,707 Shares of UGI Co. (NYSE:UGI)

RPG Investment Advisory LLC increased its holdings in shares of UGI Co. (NYSE:UGI) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,422 shares of the utilities provider’s stock after purchasing an additional 16,707 shares during the period. RPG Investment Advisory LLC owned approximately 0.13% of UGI worth $6,032,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Easterly Investment Partners LLC bought a new position in shares of UGI during the 1st quarter valued at about $1,005,000. Bragg Financial Advisors Inc lifted its stake in UGI by 10.0% in the 4th quarter. Bragg Financial Advisors Inc now owns 652,439 shares of the utilities provider’s stock valued at $16,050,000 after acquiring an additional 59,543 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in UGI in the 2nd quarter valued at approximately $2,088,000. Russell Investments Group Ltd. lifted its stake in UGI by 5.0% in the 1st quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider’s stock valued at $43,121,000 after acquiring an additional 83,219 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in UGI by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 26,897,100 shares of the utilities provider’s stock valued at $661,669,000 after acquiring an additional 625,128 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Stock Down 0.2 %

UGI stock opened at $23.92 on Tuesday. 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 market capitalization of $5.14 billion, a PE ratio of -58.34 and a beta of 1.13. UGI Co. has a 1-year low of $20.19 and a 1-year high of $26.15. The business’s 50 day simple moving average is $24.05 and its 200 day simple moving average is $24.19.

UGI (NYSE:UGI) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates 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. UGI’s revenue was down 16.8% compared to the same quarter last year. As a group, research analysts anticipate that UGI Co. will post 2.93 EPS for the current year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date is Monday, September 16th. UGI’s dividend payout ratio is -365.84%.

Analysts Set New Price Targets

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

UGI Company 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.