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

Sourcerock Group LLC raised its position in shares of UGI Co. (NYSE:UGI) by 236.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,025,000 shares of the utilities provider’s stock after acquiring an additional 720,700 shares during the period. UGI accounts for 2.1% of Sourcerock Group LLC’s investment portfolio, making the stock its 12th biggest position. Sourcerock Group LLC’s holdings in UGI were worth $28,936,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of UGI. Altshuler Shaham Ltd purchased a new stake in UGI in the 4th quarter worth about $25,000. Bessemer Group Inc. lifted its position in shares of UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 611 shares in the last quarter. S.A. Mason LLC acquired a new stake in shares of UGI during the fourth quarter worth approximately $27,000. GeoWealth Management LLC purchased a new position in UGI during the fourth quarter valued at approximately $27,000. Finally, Flagship Wealth Advisors LLC acquired a new position in UGI in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

UGI stock opened at $35.48 on Monday. The firm has a 50 day moving average of $32.87 and a two-hundred day moving average of $30.47. UGI Co. has a 12 month low of $22.01 and a 12 month high of $35.50. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 2.26 and a beta of 1.05. 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) last issued its quarterly earnings data 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 firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $3.26 billion. UGI had a net margin of 7.73% and a return on equity of 15.19%. UGI’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.97 earnings per share. As a group, equities analysts anticipate that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 16th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Monday, June 16th. UGI’s payout ratio is 61.73%.

Analyst Ratings Changes

Several research firms have recently commented on UGI. Mizuho boosted their price target on shares of UGI from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com raised UGI from a “hold” rating to a “buy” rating in a research report on Thursday.

Insider Buying and Selling

In related news, insider Michael Sharp purchased 4,806 shares of the stock in a transaction on 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 completion of the acquisition, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

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.