Mork Capital Management LLC Invests $1.01 Million in UGI Co. (NYSE:UGI)

Mork Capital Management LLC bought a new position in UGI Co. (NYSE:UGI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,700 shares of the utilities provider's stock, valued at approximately $1,008,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its stake 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 worth $325,469,000 after buying an additional 2,110,337 shares in the last quarter. Snyder Capital Management L P lifted its stake 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 worth $144,727,000 after buying an additional 78,327 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 worth $157,200,000 after buying an additional 296,028 shares in the last quarter. Federated Hermes Inc. lifted its stake 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 worth $140,098,000 after buying an additional 1,007,156 shares in the last quarter. Finally, Northern Trust Corp lifted its stake 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 worth $112,988,000 after buying an additional 703,491 shares in the last quarter. Institutional investors own 82.34% of the company's stock.

UGI Stock Performance

UGI stock traded up $0.17 during midday trading on Friday, reaching $35.48. 1,432,117 shares of the company traded hands, compared to its average volume of 2,230,631. UGI Co. has a 12 month low of $22.01 and a 12 month high of $35.49. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth 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. The business has a 50 day moving average of $32.81 and a two-hundred day moving average of $30.31.

UGI (NYSE:UGI - Get Free Report) last announced its earnings results 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 net margin of 7.73% and a return on equity of 15.19%. 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 prior year, the company earned $1.97 earnings per share. The firm's revenue was up 8.1% on a year-over-year basis. As a group, research analysts predict that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The firm 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 dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.23%. UGI's dividend payout ratio is currently 61.73%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UGI. StockNews.com upgraded shares of UGI from a "hold" rating to a "buy" rating in a research report on Thursday. Mizuho increased their price objective on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday.

Insider Buying and Selling at UGI

In other UGI news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of $33.30 per share, with a total value 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 represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.73% of the stock is owned by corporate insiders.

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.