First Trust Advisors LP Acquires 609,406 Shares of UGI Co. (NYSE:UGI)

First Trust Advisors LP grew its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 98.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,230,569 shares of the utilities provider's stock after acquiring an additional 609,406 shares during the quarter. First Trust Advisors LP owned about 0.57% of UGI worth $34,739,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new stake in UGI in the fourth quarter worth about $25,000. Bessemer Group Inc. raised its stake in UGI by 216.7% during the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after purchasing an additional 611 shares during the period. S.A. Mason LLC acquired a new stake in UGI during the 4th quarter worth approximately $27,000. GeoWealth Management LLC acquired a new position in UGI in the fourth quarter valued at approximately $27,000. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of UGI in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

Insider Activity at UGI

In other news, insider Michael Sharp acquired 4,806 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, for a total transaction 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 represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.73% of the company's stock.

UGI Stock Performance

UGI traded up $0.04 during trading on Monday, hitting $32.67. The stock had a trading volume of 1,533,892 shares, compared to its average volume of 2,258,402. The company's 50-day moving average price is $32.61 and its 200 day moving average price is $29.51. 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 firm has a market capitalization of $7.02 billion, a P/E ratio of 12.86, a PEG ratio of 2.26 and a beta of 1.05. UGI Co. has a twelve month low of $22.01 and a twelve month high of $34.49.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly 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%. On average, equities research analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.59%. UGI's dividend payout ratio (DPR) 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.