GAMMA Investing LLC Has $221,000 Holdings in UGI Co. (NYSE:UGI)

GAMMA Investing LLC grew its position in UGI Co. (NYSE:UGI) by 23.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,825 shares of the utilities provider’s stock after buying an additional 1,505 shares during the quarter. GAMMA Investing LLC’s holdings in UGI were worth $221,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. FMR LLC grew its position in UGI by 42.0% during the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after purchasing an additional 2,786,878 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of UGI during the second quarter valued at $53,371,000. Geode Capital Management LLC raised its position in UGI by 33.8% during the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock valued at $127,246,000 after buying an additional 1,202,938 shares during the period. ProShare Advisors LLC lifted its stake in UGI by 84.9% in the 2nd quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock worth $55,991,000 after acquiring an additional 1,122,766 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in UGI by 112.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider’s stock worth $46,383,000 after acquiring an additional 1,073,013 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UGI. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of UGI in a research report on Friday, November 22nd. They issued a “buy” rating and a $28.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

UGI Stock Performance

UGI stock opened at $28.38 on Wednesday. The firm has a 50 day moving average of $26.81 and a two-hundred day moving average of $25.06. UGI Co. has a 12 month low of $21.67 and a 12 month high of $30.48. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 22.89 and a beta of 1.21. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend was Monday, December 16th. UGI’s payout ratio is 120.97%.

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.