GAMMA Investing LLC Buys 1,505 Shares of UGI Co. (NYSE:UGI)

GAMMA Investing LLC grew its position in UGI Co. (NYSE:UGI) by 23.8% during the fourth quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Concord Wealth Partners raised its holdings in UGI by 100.0% in the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 637 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of UGI in the second quarter valued at about $40,000. Ashton Thomas Private Wealth LLC bought a new position in shares of UGI in the second quarter worth about $50,000. Farther Finance Advisors LLC lifted its position in shares of UGI by 189.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in UGI during the 3rd quarter valued at approximately $55,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Stock Performance

Shares of NYSE UGI opened at $28.38 on Wednesday. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 22.89 and a beta of 1.21. UGI Co. has a one year low of $21.67 and a one year high of $30.48. The business has a fifty day simple moving average of $26.81 and a 200 day simple moving average of $25.06. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48.

UGI Announces Dividend

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

Analyst Upgrades and Downgrades

UGI has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and increased their price target for the company from $27.00 to $30.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group started coverage on shares of UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, UGI has an average rating of “Moderate Buy” and an average target price of $28.33.

About UGI

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.