91,191 Shares in UGI Co. (NYSE:UGI) Acquired by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC bought a new position in shares of UGI Co. (NYSE:UGI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 91,191 shares of the utilities provider’s stock, valued at approximately $2,088,000.

Several other hedge funds have also recently added to or reduced their stakes in UGI. Easterly Investment Partners LLC bought a new stake in shares of UGI during the 1st quarter worth $1,005,000. Bragg Financial Advisors Inc increased 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 worth $16,050,000 after purchasing an additional 59,543 shares in the last quarter. Jump Financial LLC raised its holdings in UGI by 62.5% during the 4th quarter. Jump Financial LLC now owns 356,432 shares of the utilities provider’s stock worth $8,768,000 after buying an additional 137,114 shares during the period. Russell Investments Group Ltd. lifted its stake in UGI by 5.0% during the first quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider’s stock valued at $43,121,000 after buying an additional 83,219 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of UGI by 57.5% in the first quarter. BNP Paribas Financial Markets now owns 523,873 shares of the utilities provider’s stock worth $12,856,000 after buying an additional 191,260 shares during the period. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Stock Up 0.1 %

UGI traded up $0.03 on Friday, reaching $23.45. 2,174,772 shares of the company traded hands, compared to its average volume of 2,236,381. The company has a market cap of $4.92 billion, a price-to-earnings ratio of -57.12 and a beta of 1.13. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.21 and a quick ratio of 1.01. The stock’s 50 day moving average price is $23.52 and its 200-day moving average price is $24.07. UGI Co. has a 52-week low of $20.19 and a 52-week high of $26.15.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.73 billion. UGI had a negative net margin of 0.89% and a positive return on equity of 15.78%. The firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. On average, sell-side analysts expect that UGI Co. will post 2.92 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a $0.375 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.50 annualized dividend and a dividend yield of 6.40%. UGI’s payout ratio is -365.84%.

Analysts Set New Price Targets

UGI has been the subject of several research analyst reports. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company reduced their target price on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. Finally, Mizuho lifted their price target on UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th.

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.