Inspire Advisors LLC Acquires Shares of 60,819 UGI Co. (NYSE:UGI)

Inspire Advisors LLC acquired a new position in shares of UGI Co. (NYSE:UGI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 60,819 shares of the utilities provider's stock, valued at approximately $1,393,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. bought a new position in shares of UGI during the 2nd quarter worth about $53,371,000. Norges Bank acquired a new position in UGI in the 4th quarter valued at approximately $46,034,000. Federated Hermes Inc. lifted its position in shares of UGI by 28.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider's stock worth $81,014,000 after acquiring an additional 788,457 shares during the period. Vanguard Group Inc. grew its holdings in shares of UGI by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 26,897,100 shares of the utilities provider's stock worth $661,669,000 after purchasing an additional 625,128 shares in the last quarter. Finally, Burney Co. increased its position in shares of UGI by 488.6% during the first quarter. Burney Co. now owns 748,584 shares of the utilities provider's stock valued at $18,370,000 after purchasing an additional 621,409 shares during the period. Institutional investors own 82.34% of the company's stock.

UGI Price Performance

Shares of UGI stock traded up $0.53 during midday trading on Friday, hitting $24.02. 2,010,831 shares of the company were exchanged, compared to its average volume of 1,823,017. The firm has a 50 day simple moving average of $24.15 and a 200-day simple moving average of $24.18. UGI Co. has a 52 week low of $20.19 and a 52 week high of $26.15. The firm has a market cap of $5.16 billion, a P/E ratio of -58.58 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.

UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.12. The business had revenue of $1.38 billion for 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%. The company's revenue was down 16.8% on a year-over-year basis. Research analysts forecast that UGI Co. will post 2.93 earnings per share for the current year.

UGI Announces Dividend

The firm also recently declared 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 is Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a yield of 6.24%. UGI's dividend payout ratio (DPR) is presently -365.84%.

Wall Street Analyst Weigh In

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

About UGI

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.