UGI Co. (NYSE:UGI) Shares Acquired by SIR Capital Management L.P.

SIR Capital Management L.P. increased its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 1,279.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 729,800 shares of the utilities provider's stock after buying an additional 676,898 shares during the quarter. UGI accounts for about 2.1% of SIR Capital Management L.P.'s portfolio, making the stock its 12th largest position. SIR Capital Management L.P. owned approximately 0.34% of UGI worth $20,602,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in UGI by 7.8% in the 3rd quarter. Barclays PLC now owns 313,810 shares of the utilities provider's stock worth $7,852,000 after acquiring an additional 22,752 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in UGI by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,063 shares of the utilities provider's stock worth $792,000 after acquiring an additional 1,174 shares during the last quarter. Accurate Wealth Management LLC raised its stake in UGI by 21.1% in the 4th quarter. Accurate Wealth Management LLC now owns 11,023 shares of the utilities provider's stock worth $312,000 after acquiring an additional 1,917 shares during the last quarter. Lauer Wealth LLC purchased a new position in UGI in the 4th quarter worth $202,000. Finally, Hennessy Advisors Inc. raised its stake in UGI by 2,050.9% in the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock worth $67,067,000 after acquiring an additional 2,265,300 shares during the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UGI has been the subject of a number of research analyst reports. StockNews.com upgraded UGI from a "hold" rating to a "buy" rating in a research note on Thursday. 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.

Insider Activity

In related news, insider Michael Sharp purchased 4,806 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.73% of the company's stock.

UGI Stock Performance

UGI traded up $0.42 during midday trading on Monday, hitting $35.90. 1,539,358 shares of the company were exchanged, compared to its average volume of 2,231,844. The company's 50 day simple moving average is $32.87 and its 200 day simple moving average is $30.47. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. UGI Co. has a 1-year low of $22.01 and a 1-year high of $35.99.

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 for the quarter, topping 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 the consensus estimate of $3.26 billion. During the same period last year, the firm earned $1.97 EPS. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The firm 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 dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Monday, June 16th. UGI's dividend payout ratio (DPR) is presently 61.73%.

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.