Ancora Advisors LLC Boosts Position in UGI Co. (NYSE:UGI)

Ancora Advisors LLC increased its position in shares of UGI Co. (NYSE:UGI - Free Report) by 827.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 475,430 shares of the utilities provider's stock after buying an additional 424,160 shares during the quarter. Ancora Advisors LLC owned about 0.22% of UGI worth $13,421,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. FMR LLC grew its position in UGI by 22.4% during the 4th 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. Snyder Capital Management L P lifted its position in UGI by 1.6% during the 4th quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock worth $144,727,000 after acquiring an additional 78,327 shares during the period. Geode Capital Management LLC grew its stake in shares of UGI by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock valued at $157,200,000 after purchasing an additional 296,028 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of UGI by 25.5% in the fourth quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock valued at $140,098,000 after purchasing an additional 1,007,156 shares during the period. Finally, Northern Trust Corp raised its stake in shares of UGI by 21.3% during the fourth quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider's stock worth $112,988,000 after purchasing an additional 703,491 shares during the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael Sharp acquired 4,806 shares of UGI 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 completion of the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.73% of the company's stock.

UGI Stock Performance

Shares of NYSE UGI traded up $0.08 during mid-day trading on Monday, hitting $33.53. 1,415,832 shares of the company were exchanged, compared to its average volume of 2,227,978. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The stock has a 50 day simple moving average of $32.61 and a 200-day simple moving average of $29.85. UGI Co. has a 1-year low of $22.01 and a 1-year high of $34.49.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share 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, sell-side analysts forecast 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. Stockholders of record on Monday, March 17th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Monday, March 17th. UGI's dividend payout ratio (DPR) is 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.