Mork Capital Management LLC Purchases New Shares in UGI Co. (NYSE:UGI)

Mork Capital Management LLC acquired a new stake in UGI Co. (NYSE:UGI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 35,700 shares of the utilities provider’s stock, valued at approximately $1,008,000.

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

UGI Trading Down 1.6%

Shares of UGI stock opened at $34.45 on Tuesday. The stock’s fifty day moving average is $32.69 and its two-hundred day moving average is $30.18. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm has a market capitalization of $7.40 billion, a P/E ratio of 13.56, a PEG ratio of 2.26 and a beta of 1.05. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $35.41.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.41. UGI had a return on equity of 15.19% and a net margin of 7.73%. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm posted $1.97 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts expect that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Monday, June 16th. UGI’s dividend payout ratio (DPR) is presently 61.73%.

Insiders Place Their Bets

In other news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, the insider now directly owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is owned by insiders.

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.