Boothbay Fund Management LLC Has $7.05 Million Stake in UGI Co. (NYSE:UGI)

Boothbay Fund Management LLC increased its holdings in UGI Co. (NYSE:UGI - Free Report) by 62.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,635 shares of the utilities provider's stock after purchasing an additional 95,943 shares during the period. Boothbay Fund Management LLC owned approximately 0.12% of UGI worth $7,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its position in shares of UGI by 216.7% during the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after buying an additional 611 shares during the period. Altshuler Shaham Ltd acquired a new position in UGI during the fourth quarter worth $25,000. GeoWealth Management LLC bought a new position in shares of UGI during the fourth quarter valued at $27,000. S.A. Mason LLC acquired a new stake in shares of UGI in the 4th quarter valued at $27,000. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of UGI in the 4th quarter worth about $30,000. Institutional investors own 82.34% of the company's stock.

Insider Buying and Selling

In other news, insider Michael Sharp bought 4,806 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of $33.30 per share, with a total value of $160,039.80. Following 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by corporate insiders.

UGI Price Performance

UGI stock traded up $0.27 during trading on Thursday, hitting $33.06. 1,473,289 shares of the stock traded hands, compared to its average volume of 2,144,726. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 2.26 and a beta of 1.05. UGI Co. has a one year low of $22.01 and a one year high of $34.49. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The company has a 50 day simple moving average of $32.61 and a 200 day simple moving average of $29.61.

UGI (NYSE:UGI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. Equities analysts expect that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently declared 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 4.54%. The ex-dividend date of this dividend was Monday, March 17th. UGI's dividend payout ratio is currently 59.06%.

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.