GAMMA Investing LLC Takes Position in UGI Co. (NYSE:UGI)

GAMMA Investing LLC acquired a new position in shares of UGI Co. (NYSE:UGI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,299 shares of the utilities provider’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UGI. Federated Hermes Inc. raised its position in shares of UGI by 5.5% during the fourth quarter. Federated Hermes Inc. now owns 2,502,192 shares of the utilities provider’s stock worth $61,554,000 after purchasing an additional 130,010 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in UGI by 35.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,302 shares of the utilities provider’s stock worth $1,336,000 after buying an additional 14,300 shares during the period. Mackenzie Financial Corp lifted its stake in UGI by 247.1% in the fourth quarter. Mackenzie Financial Corp now owns 227,287 shares of the utilities provider’s stock valued at $5,591,000 after buying an additional 161,800 shares in the last quarter. Phocas Financial Corp. bought a new position in UGI in the fourth quarter valued at approximately $4,270,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of UGI in the fourth quarter valued at approximately $1,446,000. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Up 0.3 %

Shares of UGI stock opened at $24.30 on Monday. The firm’s fifty day moving average price is $24.63 and its two-hundred day moving average price is $23.50. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 1.59. UGI Co. has a 1 year low of $20.19 and a 1 year high of $32.50. The firm has a market capitalization of $5.09 billion, a P/E ratio of -59.27 and a beta of 1.13.

UGI (NYSE:UGI) last released its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.32. UGI had a positive return on equity of 16.18% and a negative net margin of 0.89%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. UGI’s quarterly revenue was down 20.6% on a year-over-year basis. On average, equities analysts predict that UGI Co. will post 2.91 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date is Friday, June 14th. UGI’s dividend payout ratio is currently -365.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on UGI shares. TheStreet raised shares of UGI from a “d+” rating to a “c-” rating in a research report on Wednesday, February 21st. Mizuho lifted their price target on UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com raised UGI from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company dropped their target price on UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday.

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.