Hourglass Capital LLC Increases Stock Position in UGI Co. (NYSE:UGI)

Hourglass Capital LLC grew its stake in UGI Co. (NYSE:UGI) by 25.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 79,890 shares of the utilities provider’s stock after acquiring an additional 16,360 shares during the period. Hourglass Capital LLC’s holdings in UGI were worth $1,829,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in 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 during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in UGI by 1.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,746,241 shares of the utilities provider’s stock worth $89,962,000 after acquiring an additional 45,630 shares in the last quarter. Norges Bank purchased a new position in UGI during the 4th quarter valued at about $46,034,000. Russell Investments Group Ltd. grew its position 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 acquiring an additional 83,219 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in UGI by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,588,108 shares of the utilities provider’s stock worth $39,067,000 after purchasing an additional 106,098 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Trading Up 0.5 %

NYSE:UGI opened at $24.64 on Friday. The stock has a fifty day moving average price of $24.01 and a 200 day moving average price of $24.20. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. UGI Co. has a 12-month low of $20.19 and a 12-month high of $26.15. The firm has a market cap of $5.29 billion, a PE ratio of -59.83 and a beta of 1.13.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. The company 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 quarterly revenue was down 16.8% compared to the same quarter last year. Sell-side analysts anticipate that UGI Co. will post 2.93 earnings per share 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 dividend of $0.375 per share. The ex-dividend date is Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.09%. UGI’s payout ratio is currently -365.84%.

Wall Street Analyst Weigh In

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

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.