Toronto Dominion Bank lessened its stake in UGI Corp (NYSE:UGI) by 15.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 26,525 shares of the utilities provider’s stock after selling 4,777 shares during the period. Toronto Dominion Bank’s holdings in UGI were worth $1,416,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of UGI by 6.6% in the 2nd quarter. BlackRock Inc. now owns 18,223,618 shares of the utilities provider’s stock valued at $973,323,000 after buying an additional 1,125,455 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of UGI by 29.4% during the 2nd quarter. APG Asset Management N.V. now owns 3,937,655 shares of the utilities provider’s stock valued at $184,677,000 after purchasing an additional 894,900 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of UGI by 23.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,363,792 shares of the utilities provider’s stock valued at $179,647,000 after purchasing an additional 634,277 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of UGI by 30.4% during the 2nd quarter. Prudential Financial Inc. now owns 2,635,177 shares of the utilities provider’s stock valued at $140,745,000 after purchasing an additional 613,844 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of UGI by 8.2% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 2,032,766 shares of the utilities provider’s stock valued at $108,570,000 after purchasing an additional 153,580 shares in the last quarter. Hedge funds and other institutional investors own 84.71% of the company’s stock.

Shares of UGI stock traded up $0.06 on Wednesday, hitting $48.05. The company had a trading volume of 32,151 shares, compared to its average volume of 1,405,438. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 17.54 and a beta of 0.57. UGI Corp has a 1 year low of $45.94 and a 1 year high of $59.31. The stock has a 50 day moving average of $49.12 and a 200-day moving average of $51.72. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 1.08.

UGI (NYSE:UGI) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.43 billion. UGI had a return on equity of 10.56% and a net margin of 4.46%. Equities analysts anticipate that UGI Corp will post 2.4 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, August 9th were paid a $0.325 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This is an increase from UGI’s previous quarterly dividend of $0.30. This represents a $1.30 annualized dividend and a dividend yield of 2.71%. UGI’s dividend payout ratio is 47.45%.

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

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.

Featured Article: Monthly Dividend Stocks

Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Corp (NYSE:UGI).

Institutional Ownership by Quarter for UGI (NYSE:UGI)

Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.