UGI Co. (NYSE:UGI) Shares Sold by Carnegie Investment Counsel

by · The Cerbat Gem

Carnegie Investment Counsel reduced its stake in shares of UGI Co. (NYSE:UGI – Free Report) by 8.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,313 shares of the utilities provider’s stock after selling 1,338 shares during the period. Carnegie Investment Counsel’s holdings in UGI were worth $383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Stolper Co lifted its stake in shares of UGI by 0.5% during the first quarter. Stolper Co now owns 78,764 shares of the utilities provider’s stock worth $1,933,000 after buying an additional 430 shares during the period. GAMMA Investing LLC raised its holdings in shares of UGI by 24.2% during the second quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 512 shares during the last quarter. Fulton Bank N.A. raised its holdings in shares of UGI by 3.9% during the second quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock worth $343,000 after purchasing an additional 558 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of UGI by 99.7% during 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. Finally, Concord Wealth Partners raised its holdings in shares of UGI by 100.0% during 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. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

Get Our Latest Report on UGI

UGI Stock Up 0.6 %

UGI opened at $24.75 on Tuesday. UGI Co. has a fifty-two week low of $20.19 and a fifty-two week high of $26.15. 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 company has a fifty day moving average of $24.28 and a two-hundred day moving average of $24.14. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 7.93 and a beta of 1.13.

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 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 analysts’ expectations of $1.73 billion. The company’s revenue was down 16.8% compared to the same quarter last year. On average, research analysts expect that UGI Co. will post 2.93 earnings per share for the current year.

UGI Dividend Announcement

The company 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. The ex-dividend date was Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a yield of 6.06%. UGI’s payout ratio is 48.08%.

UGI Company Profile

(Free Report)

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.

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