Carnegie Investment Counsel Sells 809 Shares of UGI Co. (NYSE:UGI)

Carnegie Investment Counsel trimmed its position in UGI Co. (NYSE:UGI) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,651 shares of the utilities provider’s stock after selling 809 shares during the quarter. Carnegie Investment Counsel’s holdings in UGI were worth $381,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in UGI by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 26,897,100 shares of the utilities provider’s stock worth $661,669,000 after purchasing an additional 625,128 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in UGI by 1.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,746,241 shares of the utilities provider’s stock valued at $89,962,000 after acquiring an additional 45,630 shares during the last quarter. Norges Bank acquired a new stake in UGI during the fourth quarter worth approximately $46,034,000. Russell Investments Group Ltd. lifted 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 valued at $43,121,000 after acquiring an additional 83,219 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in UGI by 7.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,588,108 shares of the utilities provider’s stock valued at $39,067,000 after purchasing an additional 106,098 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Up 0.2 %

UGI traded up $0.06 during trading on Wednesday, reaching $24.69. The stock had a trading volume of 254,402 shares, compared to its average volume of 2,196,845. UGI Co. has a one year low of $20.19 and a one year high of $26.15. The stock’s 50 day moving average is $23.51 and its two-hundred day moving average is $24.13. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of -60.06 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) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.12. UGI had a return on equity of 15.65% and a net margin of 9.13%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.73 billion. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. As a group, analysts expect that UGI Co. will post 2.92 earnings per share for the current year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Monday, September 16th. UGI’s payout ratio is currently -365.84%.

Wall Street Analysts Forecast Growth

UGI has been the topic of a number of recent research reports. StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company dropped their price target on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 3rd.

UGI 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.