Federated Hermes Inc. Buys 788,457 Shares of UGI Co. (NYSE:UGI)

Federated Hermes Inc. lifted its stake in UGI Co. (NYSE:UGI) by 28.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,537,729 shares of the utilities provider’s stock after acquiring an additional 788,457 shares during the period. Federated Hermes Inc. owned 1.69% of UGI worth $81,014,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in UGI. Private Advisor Group LLC raised its stake in shares of UGI by 15.4% in the 4th quarter. Private Advisor Group LLC now owns 11,912 shares of the utilities provider’s stock valued at $293,000 after acquiring an additional 1,586 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in UGI by 7.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,588,108 shares of the utilities provider’s stock worth $39,067,000 after buying an additional 106,098 shares during the period. Teacher Retirement System of Texas increased its position in UGI by 81.2% in the 4th quarter. Teacher Retirement System of Texas now owns 29,368 shares of the utilities provider’s stock worth $722,000 after buying an additional 13,162 shares during the period. BNP Paribas Financial Markets increased its position in UGI by 108.4% in the 4th quarter. BNP Paribas Financial Markets now owns 332,613 shares of the utilities provider’s stock worth $8,182,000 after buying an additional 173,039 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in UGI by 13.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,541,109 shares of the utilities provider’s stock worth $37,912,000 after buying an additional 177,428 shares during the period. 82.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

UGI Stock Performance

Shares of NYSE UGI opened at $24.01 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average is $24.15 and its two-hundred day moving average is $24.18. The company has a market cap of $5.15 billion, a P/E ratio of -58.56 and a beta of 1.13. UGI Co. has a 12 month low of $20.19 and a 12 month high of $26.15.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.12. UGI had a return on equity of 15.65% and a net margin of 9.13%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. The company’s revenue was down 16.8% compared to the same quarter last year. On average, equities analysts expect that UGI Co. will post 2.93 EPS for the current year.

UGI Dividend Announcement

The company also recently disclosed 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. This represents a $1.50 annualized dividend and a dividend yield of 6.25%. The ex-dividend date is Monday, September 16th. UGI’s payout ratio is presently -365.84%.

About UGI

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.