UGI Co. (NYSE:UGI) Shares Bought by Bragg Financial Advisors Inc

Bragg Financial Advisors Inc raised its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 874,069 shares of the utilities provider's stock after acquiring an additional 150,910 shares during the quarter. UGI makes up about 1.0% of Bragg Financial Advisors Inc's investment portfolio, making the stock its 24th biggest position. Bragg Financial Advisors Inc owned about 0.41% of UGI worth $24,675,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in UGI. Bessemer Group Inc. increased its position in UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after purchasing an additional 611 shares during the last quarter. S.A. Mason LLC bought a new position in UGI in the 4th quarter valued at $27,000. Flagship Wealth Advisors LLC bought a new stake in shares of UGI during the fourth quarter worth $30,000. Golden State Wealth Management LLC bought a new stake in UGI during the 4th quarter valued at about $36,000. Finally, Vision Financial Markets LLC bought a new position in UGI in the fourth quarter worth approximately $36,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael Sharp acquired 4,806 shares of UGI 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 purchase, the insider now owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is owned by company insiders.

UGI Stock Up 1.0 %

Shares of UGI stock traded up $0.33 during trading on Friday, hitting $33.13. 1,744,472 shares of the stock traded hands, compared to its average volume of 2,265,998. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. UGI Co. has a 52-week low of $22.01 and a 52-week high of $34.49. The stock's fifty day simple moving average is $32.57 and its 200 day simple moving average is $29.07. The firm has a market cap of $7.12 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share 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%. On average, equities analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.53%. UGI's payout ratio 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.