Bill Few Associates Inc. Sells 4,598 Shares of UGI Co. (NYSE:UGI)

Bill Few Associates Inc. lowered its stake in UGI Co. (NYSE:UGI) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,481 shares of the utilities provider’s stock after selling 4,598 shares during the period. Bill Few Associates Inc. owned 0.05% of UGI worth $2,639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stolper Co increased 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 in the last quarter. GAMMA Investing LLC increased its stake 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 purchasing an additional 512 shares in the last quarter. Fulton Bank N.A. raised its holdings in UGI by 3.9% in the second quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock worth $343,000 after buying an additional 558 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after buying an additional 598 shares in the last quarter. Finally, Concord Wealth Partners grew its holdings in shares of UGI by 100.0% during the first 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 last quarter. Institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

UGI Price Performance

Shares of NYSE:UGI opened at $25.34 on Wednesday. The business has a 50-day simple moving average of $24.30 and a two-hundred day simple moving average of $24.15. 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 cap of $5.31 billion, a price-to-earnings ratio of -61.79 and a beta of 1.13. UGI Co. has a fifty-two week low of $20.19 and a fifty-two week high of $26.15.

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

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date was Monday, September 16th. UGI’s dividend payout ratio (DPR) is presently -365.85%.

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.