Invenomic Capital Management LP Takes $7.05 Million Position in UGI Co. (NYSE:UGI)

Invenomic Capital Management LP acquired a new stake in shares of UGI Co. (NYSE:UGI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 281,772 shares of the utilities provider’s stock, valued at approximately $7,050,000. Invenomic Capital Management LP owned about 0.13% of UGI at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of UGI by 5.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 118,947 shares of the utilities provider’s stock worth $2,919,000 after purchasing an additional 6,407 shares during the period. Comerica Bank lifted its holdings in UGI by 2.1% in the first quarter. Comerica Bank now owns 131,165 shares of the utilities provider’s stock worth $3,219,000 after buying an additional 2,714 shares during the period. GAMMA Investing LLC lifted its holdings in UGI by 24.2% in the second quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock worth $60,000 after buying an additional 512 shares during the period. Fulton Bank N.A. lifted its holdings in UGI by 3.9% in the second quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock worth $343,000 after buying an additional 558 shares during the period. Finally, Csenge Advisory Group lifted its holdings in UGI by 15.6% in the second quarter. Csenge Advisory Group now owns 20,736 shares of the utilities provider’s stock worth $475,000 after buying an additional 2,793 shares during the period. 82.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on UGI. Jefferies Financial Group began coverage on shares of UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective for the company. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and raised their price target for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Finally, Wells Fargo & Company raised their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, UGI has a consensus rating of “Moderate Buy” and an average price target of $28.33.

UGI Trading Up 0.5 %

NYSE:UGI opened at $28.91 on Tuesday. 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 Co. has a 12 month low of $21.51 and a 12 month high of $30.48. The company has a market cap of $6.21 billion, a PE ratio of 23.21 and a beta of 1.21. The company has a 50 day simple moving average of $25.08 and a two-hundred day simple moving average of $24.30.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Monday, December 16th. UGI’s dividend payout ratio (DPR) is presently 120.97%.

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.