UGI Co. (NYSE:UGI) Shares Acquired by Bragg Financial Advisors Inc

Bragg Financial Advisors Inc grew its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 20.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 874,069 shares of the utilities provider's stock after acquiring an additional 150,910 shares during the period. UGI comprises approximately 1.0% of Bragg Financial Advisors Inc's investment portfolio, making the stock its 24th biggest holding. Bragg Financial Advisors Inc owned approximately 0.41% of UGI worth $24,675,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of UGI. FMR LLC raised its stake in UGI by 22.4% in the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock worth $325,469,000 after buying an additional 2,110,337 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of UGI by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock valued at $157,200,000 after acquiring an additional 296,028 shares during the period. Federated Hermes Inc. lifted its position in shares of UGI by 25.5% during the fourth quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock valued at $140,098,000 after buying an additional 1,007,156 shares during the last quarter. LSV Asset Management boosted its holdings in shares of UGI by 10.0% in the 4th quarter. LSV Asset Management now owns 3,786,293 shares of the utilities provider's stock valued at $106,887,000 after buying an additional 343,942 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of UGI in the 4th quarter worth approximately $103,115,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

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UGI Stock Up 0.2 %

NYSE:UGI traded up $0.07 during midday trading on Tuesday, reaching $32.06. 1,749,704 shares of the stock traded hands, compared to its average volume of 2,264,863. The stock has a market capitalization of $6.89 billion, a PE ratio of 12.62, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The business has a 50-day moving average of $32.52 and a two-hundred day moving average of $28.99.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping 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%. On average, equities analysts forecast that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently declared 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. The ex-dividend date was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.68%. UGI's payout ratio is presently 59.06%.

Insider Buying and Selling

In other news, insider Michael Sharp bought 4,806 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $33.30 per share, with a total value of $160,039.80. Following the purchase, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.73% of the stock is owned by corporate 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.