MetLife Investment Management LLC Acquires 10,152 Shares of UGI Co. (NYSE:UGI)

MetLife Investment Management LLC increased its holdings in UGI Co. (NYSE:UGI - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,027 shares of the utilities provider's stock after acquiring an additional 10,152 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of UGI worth $3,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in UGI by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,329,247 shares of the utilities provider's stock valued at $65,754,000 after buying an additional 120,819 shares during the last quarter. First Trust Advisors LP raised its position in shares of UGI by 98.1% in the 4th quarter. First Trust Advisors LP now owns 1,230,569 shares of the utilities provider's stock worth $34,739,000 after purchasing an additional 609,406 shares during the last quarter. GeoWealth Management LLC purchased a new position in shares of UGI in the 4th quarter worth about $27,000. Callodine Capital Management LP boosted its stake in UGI by 29.4% in the 4th quarter. Callodine Capital Management LP now owns 380,100 shares of the utilities provider's stock worth $10,730,000 after purchasing an additional 86,350 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in UGI during the 4th quarter valued at about $25,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Stock Down 0.1 %

Shares of UGI stock opened at $32.66 on Friday. The company has a 50-day simple moving average of $32.61 and a two-hundred day simple moving average of $29.47. UGI Co. has a 52-week low of $22.01 and a 52-week 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 stock has a market capitalization of $7.02 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (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, analysts anticipate that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm 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. This represents a $1.50 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Monday, March 17th. UGI's dividend payout ratio (DPR) is 59.06%.

Insider Buying and Selling at UGI

In related news, insider Michael Sharp acquired 4,806 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the acquisition, the insider now directly owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.73% of the company's stock.

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.

Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Co. (NYSE:UGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.