MSH Capital Advisors LLC Invests $1.58 Million in UGI Co. (NYSE:UGI)

MSH Capital Advisors LLC bought a new stake in shares of UGI Co. (NYSE:UGI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 55,783 shares of the utilities provider's stock, valued at approximately $1,575,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of UGI by 35.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider's stock valued at $30,718,000 after buying an additional 318,655 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in UGI by 254.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider's stock worth $5,138,000 after acquiring an additional 130,407 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of UGI by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock worth $72,130,000 after purchasing an additional 51,861 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of UGI in the 4th quarter valued at about $253,000. Finally, Everence Capital Management Inc. bought a new position in shares of UGI during the fourth quarter worth about $593,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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, for a total transaction of $160,039.80. Following the acquisition, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.73% of the stock is owned by corporate insiders.

UGI Stock Performance

Shares of UGI traded down $1.03 during mid-day trading on Monday, hitting $32.12. The stock had a trading volume of 500,092 shares, compared to its average volume of 2,085,137. 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 company's fifty day simple moving average is $32.59 and its two-hundred day simple moving average is $29.20. The company has a market cap of $6.90 billion, a PE ratio of 12.65, a PEG ratio of 2.26 and a beta of 1.05. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49.

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

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.67%. UGI's dividend payout ratio is currently 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.