American Century Companies Inc. Buys 26,317 Shares of UGI Co. (NYSE:UGI)

American Century Companies Inc. boosted its stake in UGI Co. (NYSE:UGI) by 62.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,729 shares of the utilities provider’s stock after acquiring an additional 26,317 shares during the period. American Century Companies Inc.’s holdings in UGI were worth $1,940,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake 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 valued at $127,246,000 after purchasing an additional 1,202,938 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in UGI by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider’s stock valued at $72,130,000 after acquiring an additional 51,861 shares during the last quarter. Hennessy Advisors Inc. grew its holdings in UGI by 2,050.9% during the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock worth $67,067,000 after acquiring an additional 2,265,300 shares during the period. Thrivent Financial for Lutherans grew its holdings in UGI by 19.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,797,648 shares of the utilities provider’s stock worth $50,748,000 after acquiring an additional 290,385 shares during the period. Finally, JPMorgan Chase & Co. raised its position 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 worth $30,718,000 after acquiring an additional 318,655 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Down 1.5 %

Shares of UGI stock opened at $30.07 on Wednesday. The stock’s 50-day moving average is $32.49 and its 200 day moving average is $28.74. UGI Co. has a one year low of $22.01 and a one year high of $34.49. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 11.84, a PEG 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 issued its quarterly earnings results 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%. Equities research analysts anticipate that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend was Monday, March 17th. UGI’s payout ratio is 59.06%.

Insiders Place Their Bets

In other news, insider Michael Sharp purchased 4,806 shares of the business’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 completion of the acquisition, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.73% of the company’s stock.

UGI Company 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.