Inspire Investing LLC Makes New $1.19 Million Investment in UGI Co. (NYSE:UGI)

Inspire Investing LLC bought a new position in UGI Co. (NYSE:UGI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 47,543 shares of the utilities provider's stock, valued at approximately $1,190,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Easterly Investment Partners LLC purchased a new position in UGI during the 1st quarter valued at about $1,005,000. Manning & Napier Advisors LLC acquired a new position in UGI in the 2nd quarter valued at approximately $2,088,000. Russell Investments Group Ltd. lifted its position in UGI by 5.0% in the 1st quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider's stock worth $43,121,000 after buying an additional 83,219 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 valued at $661,669,000 after buying an additional 625,128 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of UGI by 57.5% during the 1st quarter. BNP Paribas Financial Markets now owns 523,873 shares of the utilities provider's stock valued at $12,856,000 after acquiring an additional 191,260 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

UGI Stock Up 0.6 %

NYSE UGI traded up $0.15 during trading on Monday, reaching $24.75. The company's stock had a trading volume of 1,421,599 shares, compared to its average volume of 2,149,146. The business has a 50-day moving average price of $24.26 and a 200-day moving average price of $24.14. UGI Co. has a 1-year low of $20.19 and a 1-year high of $26.15. The stock has a market capitalization of $5.31 billion, a PE ratio of 7.88 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.

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, beating the consensus estimate of ($0.06) by $0.12. The business 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%. The business's revenue was down 16.8% on a year-over-year basis. On average, research analysts forecast that UGI Co. will post 2.93 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend was Monday, September 16th. UGI's payout ratio is 48.08%.

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.