Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $713,000 Stake in Ferrellgas Partners, L.P. (FGP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Ferrellgas Partners, L.P. (NYSE:FGP) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,570 shares of the oil and gas company’s stock after purchasing an additional 1,873 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.16% of Ferrellgas Partners, L.P. worth $713,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. grew its position in Ferrellgas Partners, L.P. by 125.9% during the second quarter. Prescott Group Capital Management L.L.C. now owns 792,334 shares of the oil and gas company’s stock valued at $3,629,000 after buying an additional 441,511 shares during the period. Van ECK Associates Corp grew its position in Ferrellgas Partners, L.P. by 208.2% during the first quarter. Van ECK Associates Corp now owns 643,150 shares of the oil and gas company’s stock valued at $3,859,000 after buying an additional 434,476 shares during the period. UBS Group AG grew its position in Ferrellgas Partners, L.P. by 50.7% during the first quarter. UBS Group AG now owns 719,179 shares of the oil and gas company’s stock valued at $4,315,000 after buying an additional 241,975 shares during the period. RMB Capital Management LLC grew its position in Ferrellgas Partners, L.P. by 77.3% during the first quarter. RMB Capital Management LLC now owns 230,500 shares of the oil and gas company’s stock valued at $1,383,000 after buying an additional 100,500 shares during the period. Finally, Arrow Investment Advisors LLC grew its position in Ferrellgas Partners, L.P. by 177.6% during the first quarter. Arrow Investment Advisors LLC now owns 141,195 shares of the oil and gas company’s stock valued at $847,000 after buying an additional 90,332 shares during the period. Institutional investors own 6.91% of the company’s stock.

Several research firms recently weighed in on FGP. UBS AG restated a “sell” rating and set a $5.00 price target (down previously from $5.50) on shares of Ferrellgas Partners, L.P. in a research report on Monday, June 12th. BidaskClub upgraded shares of Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Ferrellgas Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, ValuEngine lowered shares of Ferrellgas Partners, L.P. from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $8.67.

Ferrellgas Partners, L.P. (NYSE:FGP) opened at 5.60 on Friday. The company’s market cap is $544.05 million. The firm’s 50-day moving average is $4.82 and its 200-day moving average is $5.35. Ferrellgas Partners, L.P. has a 12 month low of $4.22 and a 12 month high of $17.41.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, September 7th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.14%. The ex-dividend date of this dividend was Wednesday, September 6th. Ferrellgas Partners, L.P.’s dividend payout ratio (DPR) is -6.01%.

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Ferrellgas Partners, L.P. Company Profile

Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s segments include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies.

Institutional Ownership by Quarter for Ferrellgas Partners, L.P. (NYSE:FGP)

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