Brevan Howard Capital Management LP Takes $1.02 Million Position in UGI Co. (NYSE:UGI)

Brevan Howard Capital Management LP bought a new position in UGI Co. (NYSE:UGI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,976 shares of the utilities provider's stock, valued at approximately $1,016,000.

Other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in shares of UGI by 50.6% during the fourth quarter. Ameriprise Financial Inc. now owns 2,366,100 shares of the utilities provider's stock valued at $66,806,000 after purchasing an additional 795,093 shares during the period. Ancora Advisors LLC raised its stake in UGI by 827.3% in the fourth quarter. Ancora Advisors LLC now owns 475,430 shares of the utilities provider's stock valued at $13,421,000 after buying an additional 424,160 shares during the last quarter. Anderson Financial Strategies LLC acquired a new stake in UGI in the 4th quarter worth approximately $41,000. Gallagher Fiduciary Advisors LLC grew its holdings in shares of UGI by 11.2% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 28,728 shares of the utilities provider's stock valued at $811,000 after buying an additional 2,891 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of UGI by 36.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 23,218 shares of the utilities provider's stock valued at $655,000 after purchasing an additional 6,210 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Stock Performance

NYSE UGI traded up $0.10 on Friday, reaching $35.03. 1,455,298 shares of the company's stock traded hands, compared to its average volume of 2,226,422. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $35.41. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 2.26 and a beta of 1.05. The stock has a 50 day moving average price of $32.66 and a 200-day moving average price of $30.07.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $1.80 by $0.41. UGI had a return on equity of 15.19% and a net margin of 7.73%. The business had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same period in the previous year, the business earned $1.97 earnings per share. The business's revenue was up 8.1% compared to the same quarter last year. Equities research analysts predict that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Monday, June 16th. UGI's dividend payout ratio (DPR) is presently 61.73%.

Insiders Place Their Bets

In other news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the acquisition, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. The trade was 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.

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.