Sei Investments Co. Trims Stake in UGI Co. (NYSE:UGI)

Sei Investments Co. lowered its holdings in UGI Co. (NYSE:UGI) by 20.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 127,340 shares of the utilities provider’s stock after selling 32,970 shares during the quarter. Sei Investments Co.’s holdings in UGI were worth $2,916,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. American National Bank purchased a new stake in UGI in the first quarter valued at approximately $27,000. Whittier Trust Co. raised its position in shares of UGI by 99.7% during the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after buying an additional 598 shares in the last quarter. Concord Wealth Partners lifted its holdings in shares of UGI by 100.0% during the 1st quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 637 shares during the last quarter. Hantz Financial Services Inc. bought a new position in UGI in the second quarter valued at $32,000. Finally, Duncker Streett & Co. Inc. bought a new position in UGI in the second quarter valued at $34,000. Institutional investors own 82.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

UGI Stock Performance

UGI stock opened at $24.17 on Friday. The stock’s 50 day moving average is $24.35 and its 200 day moving average is $24.15. The company has a market capitalization of $5.19 billion, a P/E ratio of -58.95 and a beta of 1.13. UGI Co. has a twelve month low of $20.19 and a twelve month high of $26.15. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34.

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, topping the consensus estimate of ($0.06) by $0.12. UGI had a net margin of 9.13% and a return on equity of 15.65%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.73 billion. The firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. On average, equities research analysts predict that UGI Co. will post 2.93 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend was Monday, September 16th. UGI’s dividend payout ratio (DPR) is presently -365.84%.

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.