GAMMA Investing LLC Buys 269,897 Shares of UGI Co. (NYSE:UGI)

GAMMA Investing LLC lifted its position in shares of UGI Co. (NYSE:UGI - Free Report) by 3,449.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 277,722 shares of the utilities provider's stock after purchasing an additional 269,897 shares during the period. GAMMA Investing LLC owned 0.13% of UGI worth $8,398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its position in UGI by 254.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider's stock worth $5,138,000 after purchasing an additional 130,407 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of UGI by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock worth $72,130,000 after buying an additional 51,861 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in shares of UGI in the 4th quarter worth approximately $253,000. Jump Financial LLC raised its holdings in UGI by 190.8% during the 4th quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider's stock valued at $964,000 after acquiring an additional 22,411 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in UGI by 1,232.3% during the 4th quarter. Sanctuary Advisors LLC now owns 291,464 shares of the utilities provider's stock valued at $9,032,000 after acquiring an additional 269,588 shares during the period. Institutional investors own 82.34% of the company's stock.

UGI Trading Up 0.6%

Shares of UGI stock opened at $35.56 on Monday. The company's fifty day simple moving average is $33.74 and its 200-day simple moving average is $31.73. The stock has a market capitalization of $7.62 billion, a PE ratio of 14.00, a P/E/G ratio of 2.26 and a beta of 1.06. UGI Co. has a 1-year low of $22.01 and a 1-year high of $36.55. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

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

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 16th 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 4.22%. The ex-dividend date of this dividend is Monday, June 16th. UGI's dividend payout ratio (DPR) is 61.73%.

Analyst Upgrades and Downgrades

UGI has been the subject of several research reports. Wall Street Zen upgraded shares of UGI from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho raised their target price on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.