Massachusetts Financial Services Co. MA Increases Stake in UGI Co. (NYSE:UGI)

Massachusetts Financial Services Co. MA increased its position in shares of UGI Co. (NYSE:UGI) by 42.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,457,702 shares of the utilities provider’s stock after purchasing an additional 430,985 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.68% of UGI worth $41,151,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of UGI by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock valued at $30,718,000 after buying an additional 318,655 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in UGI by 254.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock valued at $5,138,000 after acquiring an additional 130,407 shares during the period. Charles Schwab Investment Management Inc. grew its position in UGI by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider’s stock valued at $72,130,000 after acquiring an additional 51,861 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in UGI in the fourth quarter worth $253,000. Finally, Everence Capital Management Inc. bought a new stake in shares of UGI during the fourth quarter worth $593,000. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Down 4.3 %

Shares of UGI opened at $31.00 on Friday. The firm has a market capitalization of $6.66 billion, a P/E ratio of 12.20, a P/E/G ratio of 2.26 and a beta of 1.05. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49. The firm has a fifty day moving average price of $32.49 and a 200-day moving average price of $28.61. 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 issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. Equities research analysts expect that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date was Monday, March 17th. UGI’s payout ratio is 59.06%.

Insider Activity

In other UGI news, insider Michael Sharp bought 4,806 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

UGI 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.