Rhumbline Advisers Has $20.07 Million Stock Holdings in UGI Co. (NYSE:UGI)

Rhumbline Advisers lifted its position in shares of UGI Co. (NYSE:UGI - Free Report) by 1.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 606,815 shares of the utilities provider's stock after buying an additional 10,865 shares during the period. Rhumbline Advisers owned approximately 0.28% of UGI worth $20,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in UGI. Blue Trust Inc. lifted its position in shares of UGI by 31.7% during the 4th quarter. Blue Trust Inc. now owns 4,360 shares of the utilities provider's stock worth $123,000 after purchasing an additional 1,049 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of UGI in the fourth quarter valued at about $200,000. Bleakley Financial Group LLC purchased a new stake in shares of UGI in the fourth quarter valued at about $253,000. Golden State Wealth Management LLC purchased a new stake in UGI during the fourth quarter worth about $36,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of UGI in the fourth quarter valued at about $740,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Stock Performance

Shares of UGI stock traded up $0.03 during trading hours on Monday, reaching $35.54. The company's stock had a trading volume of 1,222,777 shares, compared to its average volume of 2,118,647. The stock has a market cap of $7.62 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 2.26 and a beta of 1.06. The company's 50 day simple moving average is $33.74 and its 200 day simple moving average is $31.73. UGI Co. has a one year low of $22.01 and a one year high of $36.55. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. UGI had a net margin of 7.73% and a return on equity of 15.19%. UGI's revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.97 EPS. As a group, analysts expect that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Monday, June 16th. UGI's dividend payout ratio (DPR) is currently 61.73%.

Analyst Upgrades and Downgrades

UGI has been the subject of a number of analyst reports. Mizuho boosted their price objective on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen raised shares of UGI from a "hold" rating to a "buy" rating in a report on Thursday, May 15th.

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.