Boothbay Fund Management LLC Grows Position in UGI Co. (NYSE:UGI)

Boothbay Fund Management LLC grew its position in shares of UGI Co. (NYSE:UGI) by 62.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 249,635 shares of the utilities provider’s stock after purchasing an additional 95,943 shares during the quarter. Boothbay Fund Management LLC’s holdings in UGI were worth $7,047,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in UGI. Altshuler Shaham Ltd purchased a new position in UGI during the fourth quarter worth about $25,000. Bessemer Group Inc. boosted its stake in shares of UGI by 216.7% in the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider’s stock worth $25,000 after buying an additional 611 shares during the last quarter. S.A. Mason LLC bought a new position in shares of UGI in the fourth quarter valued at approximately $27,000. GeoWealth Management LLC purchased a new stake in shares of UGI during the fourth quarter valued at approximately $27,000. Finally, Flagship Wealth Advisors LLC bought a new stake in UGI during the fourth quarter worth $30,000. Institutional investors own 82.34% of the company’s stock.

UGI Stock Down 0.1 %

Shares of NYSE:UGI opened at $32.66 on Friday. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49. The company has a market capitalization of $7.02 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The business has a fifty day moving average price of $32.61 and a two-hundred day moving average price of $29.47. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. Analysts forecast that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.59%. UGI’s payout ratio is currently 59.06%.

Insider Buying and Selling

In other news, insider Michael Sharp bought 4,806 shares of the firm’s 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 transaction, the insider now directly owns 4,806 shares of the company’s stock, valued at $160,039.80. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by 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.