Jupiter Asset Management Ltd. Invests $53.37 Million in UGI Co. (NYSE:UGI)

Jupiter Asset Management Ltd. purchased a new position in UGI Co. (NYSE:UGI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,330,610 shares of the utilities provider's stock, valued at approximately $53,371,000. Jupiter Asset Management Ltd. owned approximately 1.11% of UGI at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UGI. Stolper Co boosted its holdings in shares of UGI by 0.5% during the 1st quarter. Stolper Co now owns 78,764 shares of the utilities provider's stock valued at $1,933,000 after buying an additional 430 shares in the last quarter. Applied Finance Capital Management LLC boosted its stake in UGI by 4.2% during the fourth quarter. Applied Finance Capital Management LLC now owns 12,583 shares of the utilities provider's stock worth $310,000 after acquiring an additional 503 shares in the last quarter. GAMMA Investing LLC grew its holdings in UGI by 24.2% in the second quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider's stock worth $60,000 after purchasing an additional 512 shares during the period. Fulton Bank N.A. increased its stake in shares of UGI by 3.9% during the second quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider's stock valued at $343,000 after purchasing an additional 558 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in shares of UGI by 99.7% during the second 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 during the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

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 Stock Up 0.1 %

NYSE:UGI traded up $0.03 on Thursday, reaching $23.49. 2,129,873 shares of the stock traded hands, compared to its average volume of 2,185,530. The company's fifty day simple moving average is $24.12 and its 200 day simple moving average is $24.18. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of -57.29 and a beta of 1.13. UGI Co. has a 12 month low of $20.19 and a 12 month 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.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.73 billion. UGI had a net margin of 9.13% and a return on equity of 15.65%. UGI's revenue was down 16.8% on a year-over-year basis. Equities analysts predict that UGI Co. will post 2.93 EPS for the current fiscal year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date is Monday, September 16th. UGI's dividend payout ratio (DPR) is -365.85%.

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.