Miller Value Partners LLC Increases Position in UGI Co. (NYSE:UGI)

Miller Value Partners LLC grew its holdings in UGI Co. (NYSE:UGI - Free Report) by 44.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 292,000 shares of the utilities provider's stock after acquiring an additional 90,000 shares during the period. UGI comprises about 3.5% of Miller Value Partners LLC's investment portfolio, making the stock its 11th biggest position. Miller Value Partners LLC owned about 0.14% of UGI worth $8,243,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UGI. Norges Bank bought a new stake in shares of UGI in the fourth quarter worth about $103,115,000. Hennessy Advisors Inc. increased its holdings in shares of UGI by 2,050.9% in the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock worth $67,067,000 after purchasing an additional 2,265,300 shares during the last quarter. FMR LLC increased its holdings in shares of 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 purchasing an additional 2,110,337 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of UGI by 5,776.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider's stock worth $49,104,000 after purchasing an additional 1,709,820 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in shares of UGI by 5,215.3% in the fourth quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider's stock worth $44,046,000 after purchasing an additional 1,530,911 shares during the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other UGI news, insider Michael Sharp bought 4,806 shares of the company's stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the transaction, the insider now directly owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by insiders.

UGI Price Performance

Shares of UGI stock traded up $0.04 during trading hours on Monday, hitting $32.67. The stock had a trading volume of 1,533,892 shares, compared to its average volume of 2,258,403. UGI Co. has a one year low of $22.01 and a one year high of $34.49. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The stock's 50-day moving average price is $32.61 and its two-hundred day moving average price is $29.51. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 2.26 and a beta of 1.05.

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

UGI Dividend Announcement

The business also recently disclosed 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 4.59%. UGI's payout ratio is currently 59.06%.

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.