UGI Co. (NYSE:UGI) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. decreased its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,585,242 shares of the utilities provider's stock after selling 201,258 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.76% of UGI worth $36,302,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UGI. Easterly Investment Partners LLC purchased a new position in UGI during the first quarter worth approximately $1,005,000. Bragg Financial Advisors Inc raised its holdings in shares of UGI by 10.0% during the 4th quarter. Bragg Financial Advisors Inc now owns 652,439 shares of the utilities provider's stock worth $16,050,000 after acquiring an additional 59,543 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of UGI during the 2nd quarter valued at about $2,088,000. Russell Investments Group Ltd. grew its holdings in shares of UGI by 5.0% in the first quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider's stock valued at $43,121,000 after purchasing an additional 83,219 shares during the period. Finally, Vanguard Group Inc. increased its position in UGI by 2.4% during the fourth 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 during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Trading Up 2.3 %

Shares of UGI traded up $0.53 during trading on Friday, reaching $24.02. 2,010,831 shares of the company traded hands, compared to its average volume of 1,823,017. The stock has a 50-day simple moving average of $24.15 and a 200-day simple moving average of $24.18. The stock has a market cap of $5.16 billion, a PE ratio of -58.58 and a beta of 1.13. UGI Co. has a twelve month low of $20.19 and a twelve month high of $26.15. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34.

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 analysts' consensus estimates of ($0.06) by $0.12. UGI had a return on equity of 15.65% and a net margin of 9.13%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. The company's revenue was down 16.8% on a year-over-year basis. On average, analysts anticipate that UGI Co. will post 2.93 earnings per share for the current year.

UGI Announces Dividend

The company 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 annualized dividend and a yield of 6.24%. The ex-dividend date is Monday, September 16th. UGI's dividend payout ratio is currently -365.84%.

Analyst Ratings Changes

Separately, StockNews.com cut UGI from a "buy" rating to a "hold" rating in a 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.