MetLife Investment Management LLC Buys 10,152 Shares of UGI Co. (NYSE:UGI)

MetLife Investment Management LLC raised its stake in UGI Co. (NYSE:UGI - Free Report) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,027 shares of the utilities provider's stock after acquiring an additional 10,152 shares during the period. MetLife Investment Management LLC owned 0.06% of UGI worth $3,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in UGI. Altshuler Shaham Ltd acquired a new stake in UGI during the fourth quarter worth approximately $25,000. Bessemer Group Inc. lifted its stake in shares of UGI by 216.7% in 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 in the last quarter. S.A. Mason LLC acquired a new stake in UGI during the 4th quarter worth approximately $27,000. GeoWealth Management LLC purchased a new position in shares of UGI in the 4th quarter valued at $27,000. Finally, Flagship Wealth Advisors LLC purchased a new position in UGI in the fourth quarter valued at about $30,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at UGI

In related news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the transaction, the insider now directly owns 4,806 shares of the company's stock, valued at $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% of the company's stock.

UGI Stock Up 0.1 %

UGI stock traded up $0.04 during midday trading on Wednesday, hitting $32.79. 2,024,514 shares of the stock were exchanged, compared to its average volume of 2,261,591. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49. The firm has a market cap of $7.04 billion, a P/E ratio of 12.91, a P/E/G 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. The company has a 50 day moving average price of $32.61 and a two-hundred day moving average price of $29.59.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating 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, sell-side analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.57%. UGI's payout ratio is 59.06%.

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.