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

Massachusetts Financial Services Co. MA boosted its position in UGI Co. (NYSE:UGI - Free Report) by 42.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 about 0.68% of UGI worth $41,151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UGI. S.A. Mason LLC purchased a new stake in UGI during the 4th quarter worth about $27,000. Flagship Wealth Advisors LLC bought a new stake in shares of UGI during the 4th quarter worth $30,000. Golden State Wealth Management LLC purchased a new position in UGI in the fourth quarter worth $36,000. Vision Financial Markets LLC bought a new position in UGI in the fourth quarter valued at $36,000. Finally, SBI Securities Co. Ltd. purchased a new stake in UGI during the fourth quarter valued at about $37,000. 82.34% of the stock is owned by institutional investors.

UGI Price Performance

Shares of UGI traded down $0.69 during midday trading on Thursday, reaching $30.58. The stock had a trading volume of 393,159 shares, compared to its average volume of 2,260,675. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The company's 50-day moving average is $32.50 and its 200 day moving average is $28.80. UGI Co. has a 12-month low of $22.01 and a 12-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, beating 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 analysts predict that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.90%. UGI's payout ratio is 59.06%.

Insider Activity

In related news, insider Michael Sharp bought 4,806 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 of the company's stock, valued at $160,039.80. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.73% of the company's stock.

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.