SIR Capital Management L.P. Invests $4.94 Million in UGI Co. (NYSE:UGI)

SIR Capital Management L.P. purchased a new stake in UGI Co. (NYSE:UGI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 215,598 shares of the utilities provider's stock, valued at approximately $4,937,000. SIR Capital Management L.P. owned about 0.10% of UGI as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of UGI by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 26,897,100 shares of the utilities provider's stock valued at $661,669,000 after buying an additional 625,128 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in UGI by 1.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,746,241 shares of the utilities provider's stock valued at $89,962,000 after acquiring an additional 45,630 shares during the last quarter. LSV Asset Management grew its holdings in UGI by 13.3% during the 2nd quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider's stock worth $69,267,000 after acquiring an additional 356,200 shares in the last quarter. Norges Bank bought a new stake in shares of UGI in the 4th quarter worth about $46,034,000. Finally, Russell Investments Group Ltd. raised its stake in shares of UGI by 5.0% in the 1st quarter. Russell Investments Group Ltd. now owns 1,757,212 shares of the utilities provider's stock valued at $43,121,000 after purchasing an additional 83,219 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Stock Performance

Shares of NYSE:UGI traded down $0.07 on Tuesday, reaching $23.85. 2,668,868 shares of the company's stock were exchanged, compared to its average volume of 2,185,122. UGI Co. has a fifty-two week low of $20.19 and a fifty-two week high of $26.15. The business's 50-day moving average is $24.08 and its two-hundred day moving average is $24.19. 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 firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of -58.17 and a beta of 1.13.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.73 billion. The firm's revenue was down 16.8% on a year-over-year basis. As a group, equities research analysts forecast that UGI Co. will post 2.93 EPS for the current year.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.29%. UGI's dividend payout ratio (DPR) is presently -365.84%.

Analyst Ratings Changes

Separately, StockNews.com lowered UGI from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th.

UGI Profile

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.