Boothbay Fund Management LLC lifted its position in shares of UGI Co. (NYSE:UGI - Free Report) by 62.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 249,635 shares of the utilities provider's stock after buying an additional 95,943 shares during the quarter. Boothbay Fund Management LLC owned about 0.12% of UGI worth $7,047,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. FMR LLC raised its position in shares of UGI by 22.4% in the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock worth $325,469,000 after acquiring an additional 2,110,337 shares in the last quarter. Snyder Capital Management L P increased its holdings in UGI by 1.6% in the fourth quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock worth $144,727,000 after purchasing an additional 78,327 shares in the last quarter. Geode Capital Management LLC lifted its stake in UGI by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock valued at $157,200,000 after buying an additional 296,028 shares during the period. Federated Hermes Inc. boosted its holdings in shares of UGI by 25.5% during the 4th quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock worth $140,098,000 after buying an additional 1,007,156 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of UGI by 10.0% during the 4th quarter. LSV Asset Management now owns 3,786,293 shares of the utilities provider's stock worth $106,887,000 after buying an additional 343,942 shares during the period. Institutional investors own 82.34% of the company's stock.
Insider Activity at UGI
In other UGI news, insider Michael Sharp acquired 4,806 shares of the company's stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, the insider now owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is currently owned by insiders.
UGI Stock Down 0.1 %
UGI stock opened at $32.66 on Friday. The company has a market capitalization of $7.02 billion, a PE ratio of 12.86, a PEG ratio of 2.26 and a beta of 1.05. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49. The firm's fifty day moving average is $32.61 and its 200 day moving average is $29.47. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44.
UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. As a group, sell-side analysts predict 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 was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date was Monday, March 17th. UGI's dividend payout ratio is currently 59.06%.
About UGI
(
Free Report)
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.
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