2,330,610 Shares in UGI Co. (NYSE:UGI) Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. acquired a new position in shares of UGI Co. (NYSE:UGI) during the 2nd quarter, HoldingsChannel reports. The firm acquired 2,330,610 shares of the utilities provider’s stock, valued at approximately $53,371,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American National Bank acquired a new stake in UGI during the first quarter worth about $27,000. Whittier Trust Co. raised its stake in UGI by 99.7% during the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 598 shares during the period. Concord Wealth Partners raised its stake in UGI by 100.0% during the first 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 period. Hantz Financial Services Inc. bought a new position in UGI in the 2nd quarter worth about $32,000. Finally, Duncker Streett & Co. Inc. bought a new position in UGI in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Price Performance

NYSE UGI opened at $23.46 on Thursday. UGI Co. has a 52 week low of $20.19 and a 52 week high of $26.15. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of -57.22 and a beta of 1.13. The company has a 50-day moving average price of $24.10 and a two-hundred day moving average price of $24.19.

UGI (NYSE:UGI) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.12. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.73 billion. UGI had a net margin of 9.13% and a return on equity of 15.65%. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. Analysts forecast that UGI Co. will post 2.93 EPS for the current year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.39%. The ex-dividend date of this dividend is Monday, September 16th. UGI’s dividend payout ratio (DPR) is presently -365.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research 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.