Miller Value Partners LLC Purchases 90,000 Shares of UGI Co. (NYSE:UGI)

Miller Value Partners LLC boosted its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 44.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 292,000 shares of the utilities provider's stock after purchasing an additional 90,000 shares during the quarter. UGI comprises 3.5% of Miller Value Partners LLC's portfolio, making the stock its 11th largest holding. Miller Value Partners LLC owned approximately 0.14% of UGI worth $8,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Snyder Capital Management L P increased its position in UGI by 1.6% during the fourth 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. Nebula Research & Development LLC lifted its holdings in UGI by 187.3% during the 4th quarter. Nebula Research & Development LLC now owns 76,203 shares of the utilities provider's stock worth $2,151,000 after buying an additional 49,678 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in UGI during the 4th quarter valued at about $11,998,000. Coppell Advisory Solutions LLC grew its holdings in UGI by 223.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 3,010 shares of the utilities provider's stock worth $85,000 after acquiring an additional 2,078 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in UGI by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 207,251 shares of the utilities provider's stock valued at $5,852,000 after purchasing an additional 4,636 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price 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 represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by company insiders.

UGI Trading Down 0.9 %

UGI traded down $0.31 during mid-day trading on Wednesday, hitting $32.44. The stock had a trading volume of 629,247 shares, compared to its average volume of 2,256,168. The stock's fifty day simple moving average is $32.61 and its 200-day simple moving average is $29.59. 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 firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. 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 released 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%. As a group, research analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a $0.375 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.62%. UGI's dividend 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.