Invenomic Capital Management LP Increases Holdings in UGI Co. (NYSE:UGI)

Invenomic Capital Management LP boosted its stake in UGI Co. (NYSE:UGI - Free Report) by 118.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 614,910 shares of the utilities provider's stock after acquiring an additional 333,138 shares during the period. Invenomic Capital Management LP owned 0.29% of UGI worth $17,359,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UGI. AIA Group Ltd lifted its position in UGI by 1.8% in the 4th quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock worth $509,000 after buying an additional 323 shares during the last quarter. US Bancorp DE grew its holdings in shares of UGI by 3.7% during the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock valued at $306,000 after purchasing an additional 388 shares during the last quarter. Hourglass Capital LLC raised its position in UGI by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock worth $2,330,000 after purchasing an additional 470 shares during the period. Wright Investors Service Inc. lifted its stake in UGI by 1.3% in the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider's stock worth $1,050,000 after purchasing an additional 484 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in UGI by 15.1% during the fourth quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider's stock valued at $106,000 after buying an additional 491 shares during the period. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Trading Down 0.8%

Shares of UGI traded down $0.27 during trading hours on Wednesday, hitting $34.38. The company had a trading volume of 1,946,301 shares, compared to its average volume of 2,228,843. The firm has a market cap of $7.39 billion, a P/E ratio of 13.54, a P/E/G ratio of 2.26 and a beta of 1.05. UGI Co. has a 52-week low of $22.01 and a 52-week high of $35.41. The stock's 50 day moving average price is $32.75 and its 200 day moving average price is $30.24. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.97 EPS. On average, research analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be given 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 4.36%. UGI's dividend payout ratio is 61.73%.

Insider Activity

In other news, insider Michael Sharp acquired 4,806 shares of the stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the transaction, the insider now owns 4,806 shares of the company's stock, valued at $160,039.80. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company's stock.

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.