Grantham Mayo Van Otterloo & Co. LLC Invests $423,000 in UGI Co. (NYSE:UGI)

Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of UGI Co. (NYSE:UGI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,984 shares of the utilities provider's stock, valued at approximately $423,000.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of UGI during the 4th quarter worth about $103,115,000. Hennessy Advisors Inc. increased its stake in UGI by 2,050.9% during the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock valued at $67,067,000 after acquiring an additional 2,265,300 shares during the period. Pictet Asset Management Holding SA raised its holdings in UGI by 5,776.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider's stock valued at $49,104,000 after acquiring an additional 1,709,820 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of UGI by 33.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider's stock worth $127,246,000 after acquiring an additional 1,202,938 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of UGI during the 4th quarter worth approximately $18,344,000. Institutional investors own 82.34% of the company's stock.

UGI Price Performance

NYSE:UGI traded up $0.38 during mid-day trading on Monday, hitting $31.90. The company's stock had a trading volume of 201,192 shares, compared to its average volume of 2,098,496. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 2.26 and a beta of 1.05. The stock has a fifty day moving average of $32.51 and a 200-day moving average of $28.92. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44.

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UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 15.19% and a net margin of 7.73%. As a group, equities analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Monday, March 17th. UGI's dividend payout ratio (DPR) is currently 59.06%.

Insider Activity

In other UGI news, insider Michael Sharp purchased 4,806 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the transaction, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by company insiders.

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.