UGI Co. (NYSE:UGI) is Hennessy Advisors Inc.’s 5th Largest Position

Hennessy Advisors Inc. increased its position in shares of UGI Co. (NYSE:UGI) by 2,050.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,375,752 shares of the utilities provider’s stock after purchasing an additional 2,265,300 shares during the period. UGI makes up approximately 2.0% of Hennessy Advisors Inc.’s portfolio, making the stock its 5th largest position. Hennessy Advisors Inc. owned about 1.11% of UGI worth $67,067,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Concord Wealth Partners lifted its stake in shares of UGI by 100.0% in the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 637 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of UGI during the 2nd quarter worth approximately $40,000. Farther Finance Advisors LLC grew its holdings in shares of UGI by 189.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 1,358 shares during the period. Millburn Ridgefield Corp purchased a new position in UGI in the 3rd quarter valued at approximately $55,000. Finally, Blue Trust Inc. raised its holdings in UGI by 64.2% during the third quarter. Blue Trust Inc. now owns 3,311 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 1,295 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Stock Performance

NYSE UGI opened at $30.02 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 24.21 and a beta of 1.21. UGI Co. has a fifty-two week low of $21.67 and a fifty-two week high of $30.48. The business has a fifty day moving average of $27.62 and a 200-day moving average of $25.37.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were paid 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 5.00%. UGI’s dividend payout ratio is currently 120.97%.

Wall Street Analyst Weigh In

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

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.