Sourcerock Group LLC Has $28.94 Million Stake in UGI Co. (NYSE:UGI)

Sourcerock Group LLC raised its holdings in UGI Co. (NYSE:UGI - Free Report) by 236.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,025,000 shares of the utilities provider's stock after buying an additional 720,700 shares during the period. UGI comprises approximately 2.1% of Sourcerock Group LLC's investment portfolio, making the stock its 12th biggest holding. Sourcerock Group LLC owned approximately 0.48% of UGI worth $28,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UGI. FMR LLC grew its position in shares of UGI by 22.4% in the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after purchasing an additional 2,110,337 shares during the last quarter. Snyder Capital Management L P grew its position in shares of UGI by 1.6% in the fourth quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock valued at $144,727,000 after purchasing an additional 78,327 shares during the last quarter. Geode Capital Management LLC grew its position in shares of UGI by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock valued at $157,200,000 after purchasing an additional 296,028 shares during the last quarter. Federated Hermes Inc. grew its position in shares of UGI by 25.5% in the fourth quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock valued at $140,098,000 after purchasing an additional 1,007,156 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of UGI by 21.3% in the fourth quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider's stock valued at $112,988,000 after purchasing an additional 703,491 shares during the last quarter. Institutional investors own 82.34% of the company's stock.

Insider Activity

In other UGI news, insider Michael Sharp purchased 4,806 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.73% of the company's stock.

UGI Price Performance

NYSE:UGI traded down $0.46 during trading hours on Wednesday, reaching $35.58. 1,651,917 shares of the company were exchanged, compared to its average volume of 2,237,894. The company has a market capitalization of $7.63 billion, a P/E ratio of 14.01, a P/E/G ratio of 2.26 and a beta of 1.05. UGI Co. has a 1-year low of $22.01 and a 1-year high of $36.35. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The business has a 50 day moving average of $33.07 and a 200 day moving average of $30.63.

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 (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.41. UGI had a return on equity of 15.19% and a net margin of 7.73%. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the company posted $1.97 EPS. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts forecast that UGI Co. will post 3.02 EPS for the current 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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.22%. UGI's payout ratio is 61.73%.

Analyst Ratings Changes

UGI has been the topic of several research reports. StockNews.com raised UGI from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho increased their price target on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th.

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.