Massachusetts Financial Services Co. MA Raises Stock Holdings in UGI Co. (NYSE:UGI)

Massachusetts Financial Services Co. MA raised its stake in UGI Co. (NYSE:UGI) by 42.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,457,702 shares of the utilities provider’s stock after buying an additional 430,985 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in UGI were worth $41,151,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of UGI by 35.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock valued at $30,718,000 after buying an additional 318,655 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in UGI by 254.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock valued at $5,138,000 after acquiring an additional 130,407 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in UGI by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider’s stock worth $72,130,000 after purchasing an additional 51,861 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in shares of UGI during the fourth quarter worth $253,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of UGI during the 4th quarter valued at $593,000. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Down 4.3 %

Shares of UGI stock opened at $31.00 on Friday. The stock’s fifty day moving average price is $32.49 and its 200 day moving average price is $28.61. UGI Co. has a 1-year low of $22.01 and a 1-year high of $34.49. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

UGI (NYSE:UGI) last posted 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 net margin of 7.73% and a return on equity of 15.19%. On average, research analysts expect that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 dividend yield of 4.84%. The ex-dividend date was Monday, March 17th. UGI’s dividend payout ratio (DPR) is presently 59.06%.

Insider Activity at UGI

In other news, insider Michael Sharp purchased 4,806 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were acquired at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the purchase, the insider now owns 4,806 shares in the company, valued at $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is owned by insiders.

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.