American Century Companies Inc. Purchases 26,317 Shares of UGI Co. (NYSE:UGI)

American Century Companies Inc. lifted its holdings in UGI Co. (NYSE:UGI - Free Report) by 62.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,729 shares of the utilities provider's stock after buying an additional 26,317 shares during the quarter. American Century Companies Inc.'s holdings in UGI were worth $1,940,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UGI. Quantbot Technologies LP boosted its stake in UGI by 37.4% in the 4th quarter. Quantbot Technologies LP now owns 200,555 shares of the utilities provider's stock worth $5,662,000 after purchasing an additional 54,568 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in UGI in the fourth quarter worth about $360,000. Northwest & Ethical Investments L.P. lifted its stake in shares of UGI by 21.3% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 261,774 shares of the utilities provider's stock worth $7,390,000 after buying an additional 45,965 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of UGI during the fourth quarter valued at approximately $732,000. Finally, Xponance Inc. raised its holdings in UGI by 47.9% in the 4th quarter. Xponance Inc. now owns 34,038 shares of the utilities provider's stock worth $961,000 after acquiring an additional 11,020 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

Insider Activity at UGI

In related news, insider Michael Sharp bought 4,806 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 owns 4,806 shares of the company's stock, valued at approximately $160,039.80. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.73% of the stock is owned by corporate insiders.

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UGI Stock Up 1.8 %

UGI stock traded up $0.55 during midday trading on Friday, hitting $31.51. The company's stock had a trading volume of 1,549,842 shares, compared to its average volume of 2,271,121. The company has a market cap of $6.77 billion, a PE ratio of 12.41, a P/E/G ratio of 2.26 and a beta of 1.05. The firm's 50-day moving average is $32.51 and its 200-day moving average is $28.92. UGI Co. has a 12 month low of $22.01 and a 12 month 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 - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. On average, equities research analysts forecast that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Monday, March 17th. UGI's payout ratio is 59.06%.

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.