UGI Co. (NYSE:UGI) Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel cut its holdings in shares of UGI Co. (NYSE:UGI) by 8.0% during the third quarter, HoldingsChannel.com reports. The fund owned 15,313 shares of the utilities provider’s stock after selling 1,338 shares during the period. Carnegie Investment Counsel’s holdings in UGI were worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Easterly Investment Partners LLC acquired a new position in UGI in the 1st quarter valued at about $1,005,000. Manning & Napier Advisors LLC acquired a new position in UGI in the 2nd quarter valued at about $2,088,000. Russell Investments Group Ltd. boosted its holdings 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 purchasing an additional 83,219 shares during the last quarter. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 625,128 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in UGI by 57.5% in the 1st quarter. BNP Paribas Financial Markets now owns 523,873 shares of the utilities provider’s stock valued at $12,856,000 after purchasing an additional 191,260 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

UGI Trading Up 0.6 %

Shares of UGI stock opened at $24.75 on Tuesday. The company has a fifty day simple moving average of $24.28 and a 200-day simple moving average of $24.14. 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 has a market cap of $5.31 billion, a price-to-earnings ratio of 7.93 and a beta of 1.13.

UGI (NYSE:UGI) last issued its earnings results 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 business had revenue of $1.38 billion during 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%. The company’s revenue was down 16.8% on a year-over-year basis. On average, equities analysts forecast that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were given a dividend of $0.375 per share. The ex-dividend date was Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a yield of 6.06%. UGI’s payout ratio is currently 48.08%.

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.