Public Employees Retirement Association of Colorado lessened its stake in UGI Corp (NYSE:UGI) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 296,649 shares of the utilities provider’s stock after selling 8,700 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.17% of UGI worth $15,844,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Commonwealth Bank of Australia raised its stake in UGI by 325.9% during the first quarter. Commonwealth Bank of Australia now owns 2,729,515 shares of the utilities provider’s stock worth $151,254,000 after acquiring an additional 2,088,607 shares during the period. First Trust Advisors LP raised its stake in UGI by 278.5% during the second quarter. First Trust Advisors LP now owns 951,669 shares of the utilities provider’s stock worth $50,829,000 after acquiring an additional 700,265 shares during the period. Janus Henderson Group PLC raised its stake in UGI by 46.5% during the first quarter. Janus Henderson Group PLC now owns 1,515,938 shares of the utilities provider’s stock worth $84,013,000 after acquiring an additional 481,422 shares during the period. FMR LLC raised its stake in UGI by 104.4% during the first quarter. FMR LLC now owns 765,956 shares of the utilities provider’s stock worth $42,450,000 after acquiring an additional 391,178 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in UGI by 106.0% during the first quarter. BNP Paribas Arbitrage SA now owns 413,926 shares of the utilities provider’s stock worth $22,940,000 after acquiring an additional 213,017 shares during the period. Institutional investors and hedge funds own 79.46% of the company’s stock.

NYSE UGI opened at $46.39 on Thursday. UGI Corp has a 52 week low of $45.94 and a 52 week high of $59.31. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The company has a market cap of $8.25 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59. The stock has a 50-day moving average price of $51.15.

UGI (NYSE:UGI) last posted its earnings results on Monday, August 5th. The utilities provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). UGI had a return on equity of 10.56% and a net margin of 4.46%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.43 billion. As a group, equities research analysts anticipate that UGI Corp will post 2.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 9th will be given a $0.325 dividend. This is a boost from UGI’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, August 8th. This represents a $1.30 annualized dividend and a yield of 2.80%. UGI’s dividend payout ratio is 47.45%.

Several research analysts have commented on UGI shares. ValuEngine cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Barclays restated a “sell” rating and issued a $52.00 target price on shares of UGI in a research report on Thursday, July 18th. TheStreet cut shares of UGI from a “b” rating to a “c+” rating in a research report on Tuesday, August 6th. Finally, UBS Group set a $63.00 target price on shares of UGI and gave the stock a “buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $58.25.

In other news, Director M Shawn Bort sold 25,500 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $52.97, for a total value of $1,350,735.00. Following the completion of the transaction, the director now directly owns 27,095 shares in the company, valued at $1,435,222.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne Pol sold 2,421 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $52.94, for a total transaction of $128,167.74. Following the completion of the transaction, the director now owns 7,952 shares of the company’s stock, valued at $420,978.88. The disclosure for this sale can be found here. Insiders sold 34,671 shares of company stock valued at $1,836,113 over the last quarter. Insiders own 2.40% of the company’s stock.

About UGI

UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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