Hudson Bay Capital Management LP Takes $4.94 Million Position in UGI Co. (NYSE:UGI)

Hudson Bay Capital Management LP acquired a new position in shares of UGI Co. (NYSE:UGI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 175,000 shares of the utilities provider's stock, valued at approximately $4,940,000. Hudson Bay Capital Management LP owned about 0.08% of UGI at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC boosted its holdings in UGI by 22.4% during the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after acquiring an additional 2,110,337 shares during the period. Snyder Capital Management L P boosted its holdings in UGI by 1.6% during the 4th quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock valued at $144,727,000 after acquiring an additional 78,327 shares during the period. Geode Capital Management LLC boosted its holdings in UGI by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock valued at $157,200,000 after acquiring an additional 296,028 shares during the period. Federated Hermes Inc. boosted its holdings in UGI by 25.5% during the 4th quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock valued at $140,098,000 after acquiring an additional 1,007,156 shares during the period. Finally, Northern Trust Corp boosted its holdings in UGI by 21.3% during the 4th quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider's stock valued at $112,988,000 after acquiring an additional 703,491 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Stock Up 0.5%

UGI stock traded up $0.17 during trading on Friday, hitting $35.48. 1,432,117 shares of the company's stock were exchanged, compared to its average volume of 2,228,719. The business has a 50-day moving average price of $32.81 and a two-hundred day moving average price of $30.31. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 2.26 and a beta of 1.05. UGI Co. has a 52-week low of $22.01 and a 52-week high of $35.49. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping the consensus estimate of $1.80 by $0.41. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. UGI had a return on equity of 15.19% and a net margin of 7.73%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 earnings per share. As a group, equities research analysts expect that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.23%. UGI's payout ratio is 61.73%.

Insiders Place Their Bets

In other news, insider Michael Sharp bought 4,806 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the transaction, the insider now owns 4,806 shares in the company, valued at $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UGI. Mizuho raised their target price on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday. StockNews.com upgraded UGI from a "hold" rating to a "buy" rating in a research note on Thursday.

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.