UGI Co. (NYSE:UGI) Stake Lifted by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in shares of UGI Co. (NYSE:UGI) by 116.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 185,771 shares of the utilities provider’s stock after buying an additional 99,820 shares during the period. Mackenzie Financial Corp owned about 0.09% of UGI worth $4,254,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Stolper Co boosted its holdings in 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 in the last quarter. GAMMA Investing LLC boosted its holdings in 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 buying an additional 512 shares in the last quarter. Fulton Bank N.A. boosted its holdings in 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 buying an additional 558 shares in the last quarter. Whittier Trust Co. boosted its holdings in 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 buying an additional 598 shares in the last quarter. Finally, Concord Wealth Partners boosted its holdings in 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 buying an additional 637 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Down 2.0 %

Shares of NYSE:UGI opened at $24.52 on Wednesday. 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 market cap of $5.26 billion, a PE ratio of -59.80 and a beta of 1.13. UGI Co. has a 52 week low of $20.19 and a 52 week high of $26.15. The firm has a 50 day simple moving average of $24.36 and a 200 day simple moving average of $24.15.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.12. UGI had a net margin of 9.13% and a return on equity of 15.65%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.73 billion. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. As a group, research analysts expect that UGI Co. will post 2.93 earnings per share for the current year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a yield of 6.12%. UGI’s payout ratio is -365.84%.

Wall Street Analyst Weigh In

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

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.