First Eagle Investment Management LLC Trims Holdings in UGI Co. (NYSE:UGI)

First Eagle Investment Management LLC trimmed its position in UGI Co. (NYSE:UGI - Free Report) by 29.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,267,658 shares of the utilities provider's stock after selling 1,337,099 shares during the period. First Eagle Investment Management LLC owned 1.56% of UGI worth $74,829,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American National Bank bought a new position in shares of UGI during the first quarter valued at $27,000. Whittier Trust Co. increased its stake in 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 purchasing an additional 598 shares in the last quarter. Concord Wealth Partners raised its holdings in UGI by 100.0% in 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 during the last quarter. Hantz Financial Services Inc. bought a new position in shares of UGI in the second quarter worth approximately $32,000. Finally, Duncker Streett & Co. Inc. bought a new stake in shares of UGI during the second quarter valued at approximately $34,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

UGI Stock Performance

Shares of UGI stock traded up $0.34 during trading hours on Thursday, reaching $24.49. The company had a trading volume of 2,055,554 shares, compared to its average volume of 2,183,060. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The business has a fifty day moving average price of $24.25 and a 200-day moving average price of $24.17. UGI Co. has a one year low of $20.19 and a one year high of $26.15. The firm has a market cap of $5.26 billion, a PE ratio of -58.93 and a beta of 1.13.

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, 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 the consensus estimate of $1.73 billion. The business's quarterly revenue was down 16.8% on a year-over-year basis. Sell-side analysts predict that UGI Co. will post 2.93 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Monday, September 16th. UGI's payout ratio is -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.