Duncker Streett & Co. Inc. Invests $34,000 in UGI Co. (NYSE:UGI)

Duncker Streett & Co. Inc. bought a new stake in UGI Co. (NYSE:UGI) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,500 shares of the utilities provider’s stock, valued at approximately $34,000.

Other institutional investors have also recently bought and sold shares of the company. American National Bank bought a new position in shares of UGI during the 1st quarter worth approximately $27,000. Whittier Trust Co. grew its position in UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 598 shares in the last quarter. Concord Wealth Partners grew its position in UGI by 100.0% in the first quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 637 shares in the last quarter. GAMMA Investing LLC acquired a new stake in UGI in the 4th quarter valued at $32,000. Finally, Hantz Financial Services Inc. bought a new stake in UGI during the 2nd quarter worth about $32,000. Institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

UGI stock traded up $0.29 during trading hours on Friday, reaching $24.91. The stock had a trading volume of 2,077,455 shares, compared to its average volume of 2,182,206. The stock has a 50-day simple moving average of $23.85 and a 200 day simple moving average of $24.17. UGI Co. has a fifty-two week low of $20.19 and a fifty-two week high of $26.15. The stock has a market capitalization of $5.35 billion, a PE ratio of -60.80 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71.

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

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.02%. UGI’s dividend payout ratio (DPR) is currently -365.84%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on UGI shares. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company decreased their price target on UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd.

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.