LSV Asset Management Increases Stake in UGI Co. (NYSE:UGI)

LSV Asset Management boosted its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 13.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,024,750 shares of the utilities provider's stock after buying an additional 356,200 shares during the quarter. LSV Asset Management owned approximately 1.44% of UGI worth $69,267,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

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

UGI Stock Down 0.2 %

Shares of UGI stock traded down $0.05 during mid-day trading on Monday, hitting $23.92. 2,131,677 shares of the stock traded hands, compared to its average volume of 2,182,323. UGI Co. has a 52-week low of $20.19 and a 52-week high of $26.15. The stock has a market cap of $5.14 billion, a P/E ratio of -58.34 and a beta of 1.13. 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's fifty day moving average is $24.05 and its two-hundred day moving average is $24.19.

UGI (NYSE:UGI - Get Free Report) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarterly revenue was down 16.8% compared to the same quarter last year. Equities analysts predict that UGI Co. will post 2.93 EPS for the current year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders 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 annualized dividend and a yield of 6.27%. UGI's payout ratio 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.