Krane Funds Advisors LLC Has $203,000 Stock Position in UGI Co. (NYSE:UGI)

Krane Funds Advisors LLC decreased its stake in shares of UGI Co. (NYSE:UGI) by 54.6% in the 3rd quarter, Holdings Channel reports. The fund owned 8,124 shares of the utilities provider’s stock after selling 9,764 shares during the quarter. Krane Funds Advisors LLC’s holdings in UGI were worth $203,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of UGI by 945.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 51,280 shares of the utilities provider’s stock worth $1,283,000 after buying an additional 46,377 shares in the last quarter. Raymond James & Associates raised its holdings in shares of UGI by 10.7% in the third quarter. Raymond James & Associates now owns 160,451 shares of the utilities provider’s stock valued at $4,014,000 after purchasing an additional 15,527 shares during the last quarter. First Citizens Bank & Trust Co. lifted its position in shares of UGI by 9.6% in the third quarter. First Citizens Bank & Trust Co. now owns 10,853 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 953 shares in the last quarter. Blue Trust Inc. boosted its holdings in UGI by 64.2% during the third quarter. Blue Trust Inc. now owns 3,311 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Inspire Advisors LLC grew its position in UGI by 29.1% in the third quarter. Inspire Advisors LLC now owns 78,525 shares of the utilities provider’s stock valued at $1,965,000 after purchasing an additional 17,706 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

UGI Price Performance

NYSE:UGI opened at $24.99 on Tuesday. The company has a market cap of $5.37 billion, a P/E ratio of 8.02 and a beta of 1.13. The firm’s fifty day moving average price is $24.41 and its two-hundred day moving average price is $24.16. UGI Co. has a one year low of $20.19 and a one year high of $26.15. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.73 billion. The firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. Equities analysts expect that UGI Co. will post 2.93 earnings per share for the current year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.00%. UGI’s payout ratio is 48.08%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company raised their price target on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th.

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.