Adage Capital Partners GP L.L.C. Takes $12 Million Position in UGI Co. (NYSE:UGI)

Adage Capital Partners GP L.L.C. bought a new position in shares of UGI Co. (NYSE:UGI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 425,000 shares of the utilities provider's stock, valued at approximately $11,998,000. Adage Capital Partners GP L.L.C. owned 0.20% of UGI at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of UGI. Altshuler Shaham Ltd bought a new position in shares of UGI during the fourth quarter valued at $25,000. Bessemer Group Inc. lifted its holdings in UGI by 216.7% during the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 611 shares during the last quarter. S.A. Mason LLC acquired a new position in UGI in the fourth quarter valued at about $27,000. GeoWealth Management LLC bought a new stake in UGI during the fourth quarter worth about $27,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of UGI during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Insider Transactions at UGI

In related news, insider Michael Sharp acquired 4,806 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the transaction, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the stock is owned by company insiders.

UGI Stock Down 0.1 %

Shares of UGI opened at $32.66 on Monday. The company has a market capitalization of $7.02 billion, a P/E ratio of 12.86, a PEG ratio of 2.26 and a beta of 1.05. UGI Co. has a one year low of $22.01 and a one year high of $34.49. The business's 50 day simple moving average is $32.61 and its 200-day simple moving average is $29.51. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. As a group, sell-side analysts predict that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date was Monday, March 17th. UGI's dividend payout ratio is presently 59.06%.

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.

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