Foster & Motley Inc. Has $2.57 Million Stock Holdings in UGI Co. (NYSE:UGI)

Foster & Motley Inc. reduced its stake in shares of UGI Co. (NYSE:UGI) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 112,313 shares of the utilities provider’s stock after selling 959 shares during the period. Foster & Motley Inc. owned approximately 0.05% of UGI worth $2,572,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of UGI during the fourth quarter worth $46,034,000. Vanguard Group Inc. lifted its holdings in shares of UGI by 2.4% in the fourth 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 in the last quarter. Burney Co. boosted its position in shares of UGI by 488.6% during the first quarter. Burney Co. now owns 748,584 shares of the utilities provider’s stock worth $18,370,000 after buying an additional 621,409 shares during the period. SG Americas Securities LLC grew its holdings in shares of UGI by 2,552.2% during the first quarter. SG Americas Securities LLC now owns 542,509 shares of the utilities provider’s stock worth $13,313,000 after buying an additional 522,054 shares in the last quarter. Finally, Heartland Advisors Inc. acquired a new stake in UGI in the 4th quarter valued at approximately $8,965,000. Institutional investors own 82.34% of the company’s stock.

UGI Trading Down 2.1 %

Shares of NYSE:UGI opened at $24.53 on Friday. The company’s 50-day moving average price is $24.01 and its two-hundred day moving average price is $24.20. UGI Co. has a one year low of $20.19 and a one year high of $26.15. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. The stock has a market capitalization of $5.27 billion, a PE ratio of -59.83 and a beta of 1.13.

UGI (NYSE:UGI) last released 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. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. UGI had a return on equity of 15.65% and a net margin of 9.13%. The company’s revenue was down 16.8% compared to the same quarter last year. 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 announced 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 of this dividend is Monday, September 16th. This represents a $1.50 annualized dividend and a dividend yield of 6.11%. UGI’s dividend payout ratio is presently -365.84%.

Analysts Set New Price Targets

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

About UGI

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.