Commonwealth Equity Services LLC Buys 135,398 Shares of UGI Co. (NYSE:UGI)

Commonwealth Equity Services LLC raised its stake in UGI Co. (NYSE:UGI - Free Report) by 74.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 318,182 shares of the utilities provider's stock after buying an additional 135,398 shares during the period. Commonwealth Equity Services LLC owned about 0.15% of UGI worth $7,286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V2 Financial group LLC lifted its holdings in UGI by 13.3% in the second quarter. V2 Financial group LLC now owns 13,399 shares of the utilities provider's stock valued at $331,000 after buying an additional 1,573 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of UGI in the 2nd quarter valued at about $32,000. Panagora Asset Management Inc. lifted its stake in shares of UGI by 36.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 11,943 shares of the utilities provider's stock valued at $273,000 after purchasing an additional 3,166 shares during the period. Whittier Trust Co. boosted 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 purchasing an additional 598 shares in the last quarter. Finally, Wright Investors Service Inc. acquired a new stake in UGI during the second quarter worth approximately $857,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of UGI from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th.

UGI Stock Down 2.2 %

UGI stock traded down $0.55 during trading on Friday, reaching $23.97. 1,636,059 shares of the stock were exchanged, compared to its average volume of 2,182,621. 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 twelve month low of $20.19 and a twelve month high of $26.15. The firm's 50 day moving average is $24.03 and its 200 day moving average is $24.20. The firm has a market cap of $5.02 billion, a P/E ratio of -58.46 and a beta of 1.13.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, topping 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 firm's revenue was down 16.8% compared to the same quarter last year. As a group, research analysts forecast that UGI Co. will post 2.93 EPS for the current year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.26%. The ex-dividend date is Monday, September 16th. UGI's payout ratio 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.