UGI Co. (NYSE:UGI) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 81.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,635 shares of the utilities provider's stock after selling 72,640 shares during the period. DekaBank Deutsche Girozentrale's holdings in UGI were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Easterly Investment Partners LLC purchased a new position in shares of UGI in the first quarter valued at $1,005,000. Manning & Napier Advisors LLC purchased a new position in shares of UGI during the 2nd quarter worth approximately $2,088,000. Russell Investments Group Ltd. raised its position in shares of UGI by 5.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider's stock worth $43,121,000 after purchasing an additional 83,219 shares during the last quarter. BNP Paribas Financial Markets raised its position 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 worth $12,856,000 after purchasing an additional 191,260 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in UGI by 12.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 578,469 shares of the utilities provider's stock valued at $13,247,000 after buying an additional 64,755 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UGI has been the subject of a number of analyst reports. StockNews.com cut UGI from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Wells Fargo & Company boosted their price objective on shares of UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th.

UGI Trading Down 0.5 %

Shares of NYSE:UGI traded down $0.11 during midday trading on Monday, reaching $23.35. The company's stock had a trading volume of 1,712,357 shares, compared to its average volume of 2,114,211. The business has a 50 day moving average price of $24.42 and a 200 day moving average price of $24.18. UGI Co. has a 1 year low of $20.32 and a 1 year high of $26.15. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 7.48 and a beta of 1.13. 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 posted its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.12. UGI had a net margin of 9.13% and a return on equity of 15.65%. The company had revenue of $1.38 billion during 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. Research analysts forecast that UGI Co. will post 2.93 EPS for the current year.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were issued a dividend of $0.375 per share. The ex-dividend date was Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.42%. UGI's payout ratio is 48.08%.

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.