UGI Co. (NYSE:UGI) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its position in UGI Co. (NYSE:UGI - Free Report) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 555,931 shares of the utilities provider's stock after selling 22,538 shares during the quarter. Wedge Capital Management L L P NC owned about 0.26% of UGI worth $13,909,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. American National Bank purchased a new position in shares of UGI in the first quarter worth about $27,000. Whittier Trust Co. raised its stake in shares of UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider's stock worth $27,000 after purchasing an additional 598 shares during the last quarter. Concord Wealth Partners raised its stake in shares of 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 purchasing an additional 637 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in shares of UGI in the second quarter worth about $32,000. Finally, Duncker Streett & Co. Inc. purchased a new position in shares of UGI in the second quarter worth about $34,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Stock Performance

UGI stock traded up $0.57 during midday trading on Tuesday, hitting $25.34. 2,579,779 shares of the company were exchanged, compared to its average volume of 2,151,309. The firm has a market capitalization of $5.44 billion, a PE ratio of 7.93 and a beta of 1.13. UGI Co. has a fifty-two week low of $20.19 and a fifty-two week high of $26.15. The business has a fifty day simple moving average of $24.28 and a two-hundred day simple moving average of $24.14. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91.

UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.12. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. UGI had a return on equity of 15.65% and a net margin of 9.13%. The firm's revenue for the quarter was down 16.8% on a year-over-year basis. On average, sell-side analysts forecast that UGI Co. will post 2.93 earnings per share for the current year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 5.92%. The ex-dividend date was Monday, September 16th. UGI's payout ratio is currently 48.08%.

Analysts Set New Price Targets

Separately, StockNews.com lowered 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.