Advisors Asset Management Inc. Raises Stock Holdings in UGI Co. (NYSE:UGI)

Advisors Asset Management Inc. raised its position in UGI Co. (NYSE:UGI) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 490,950 shares of the utilities provider’s stock after buying an additional 21,249 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.23% of UGI worth $13,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UGI. FMR LLC raised its stake in shares of UGI by 42.0% during the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after purchasing an additional 2,786,878 shares during the last quarter. Hennessy Advisors Inc. raised its stake in shares of UGI by 2,050.9% during the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock worth $67,067,000 after purchasing an additional 2,265,300 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of UGI by 33.8% during the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock worth $127,246,000 after purchasing an additional 1,202,938 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of UGI by 47.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after purchasing an additional 808,113 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of UGI by 105.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,507,263 shares of the utilities provider’s stock worth $37,712,000 after purchasing an additional 774,770 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Insider Activity at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the acquisition, the insider now owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Jefferies Financial Group initiated coverage on UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective on the stock.

UGI Stock Performance

UGI stock opened at $33.03 on Tuesday. The firm has a market capitalization of $7.09 billion, a P/E ratio of 13.00, a PEG ratio of 2.26 and a beta of 1.17. The stock has a fifty day moving average price of $31.53 and a 200 day moving average price of $27.78. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.49. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44.

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

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Monday, March 17th. UGI’s dividend payout ratio is currently 59.06%.

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.