Hourglass Capital LLC Boosts Position in UGI Co. (NYSE:UGI)

Hourglass Capital LLC raised its stake in UGI Co. (NYSE:UGI) by 25.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 79,890 shares of the utilities provider’s stock after acquiring an additional 16,360 shares during the period. Hourglass Capital LLC’s holdings in UGI were worth $1,829,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in UGI. American National Bank purchased a new position in shares of UGI in the 1st quarter valued at $27,000. Whittier Trust Co. lifted 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 acquiring an additional 598 shares during the last quarter. Concord Wealth Partners lifted 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 acquiring an additional 637 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in UGI in the second quarter valued at $32,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in UGI in the second quarter valued at $34,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Price Performance

Shares of UGI opened at $24.64 on Friday. UGI Co. has a 1-year low of $20.19 and a 1-year high of $26.15. The stock has a market cap of $5.29 billion, a PE ratio of -59.83 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. The firm has a fifty day moving average price of $24.01 and a 200 day moving average price of $24.20.

UGI (NYSE:UGI) last announced its earnings results 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 business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.73 billion. UGI’s revenue was down 16.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that UGI Co. will post 2.93 EPS for the current year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a $0.375 dividend. 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 6.09%. UGI’s payout ratio is -365.84%.

Analyst Ratings Changes

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

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.