Victory Capital Management Inc. Buys 221,669 Shares of UGI Co. (NYSE:UGI)

Victory Capital Management Inc. boosted its holdings in UGI Co. (NYSE:UGI - Free Report) by 19.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,350,103 shares of the utilities provider's stock after purchasing an additional 221,669 shares during the period. Victory Capital Management Inc. owned about 0.64% of UGI worth $30,917,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American National Bank bought a new position in shares of UGI in the first quarter valued at $27,000. Whittier Trust Co. lifted 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 acquiring an additional 598 shares during the period. Concord Wealth Partners grew 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 buying an additional 637 shares in the last quarter. Hantz Financial Services Inc. bought a new position in UGI in the second quarter valued at approximately $32,000. Finally, Duncker Streett & Co. Inc. acquired a new position in shares of UGI during the 2nd quarter worth $34,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Trading Down 1.6 %

UGI stock traded down $0.38 during midday trading on Wednesday, hitting $23.46. The stock had a trading volume of 2,311,599 shares, compared to its average volume of 2,185,844. The firm has a market cap of $4.92 billion, a P/E ratio of -57.54 and a beta of 1.13. 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 business has a fifty day moving average price of $24.08 and a two-hundred day moving average price of $24.19. UGI Co. has a 1-year low of $20.19 and a 1-year high of $26.15.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) 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 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% compared to the same quarter last year. On average, sell-side analysts predict that UGI Co. will post 2.93 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.50 annualized dividend and a dividend yield of 6.39%. UGI's payout ratio is -365.85%.

Wall Street Analysts Forecast Growth

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

UGI Company 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.