Millennium Management LLC Has $14.55 Million Stake in UGI Co. (NYSE:UGI)

Millennium Management LLC boosted its holdings in UGI Co. (NYSE:UGI - Free Report) by 1,634.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 515,518 shares of the utilities provider's stock after acquiring an additional 485,802 shares during the quarter. Millennium Management LLC owned 0.24% of UGI worth $14,553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its position in UGI by 7.8% in the third quarter. Barclays PLC now owns 313,810 shares of the utilities provider's stock valued at $7,852,000 after buying an additional 22,752 shares in the last quarter. Merit Financial Group LLC acquired a new position in UGI in the fourth quarter valued at about $215,000. HB Wealth Management LLC acquired a new position in UGI in the fourth quarter valued at about $215,000. UMB Bank n.a. increased its position in UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 540 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC acquired a new stake in UGI in the 4th quarter valued at about $7,226,000. Institutional investors own 82.34% of the company's stock.

UGI Price Performance

Shares of UGI stock traded down $0.53 during trading hours on Wednesday, reaching $35.61. 213,401 shares of the company were exchanged, compared to its average volume of 2,221,386. The stock's fifty day moving average is $33.29 and its two-hundred day moving average is $31.02. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $36.35. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 2.26 and a beta of 1.05. 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 announced its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.41. UGI had a net margin of 7.73% and a return on equity of 15.19%. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the business posted $1.97 earnings per share. UGI's revenue was up 8.1% compared to the same quarter last year. Sell-side analysts forecast that UGI Co. will post 3.02 earnings per share for the current fiscal 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 issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 annualized dividend and a yield of 4.21%. UGI's dividend payout ratio (DPR) is presently 61.73%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on UGI shares. Mizuho upped their target price on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded shares of UGI from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th.

Insiders Place Their Bets

In other news, insider Michael Sharp bought 4,806 shares of the business'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 acquisition, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.73% of the company's stock.

UGI Company 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.