Loomis Sayles & Co. L P Makes New $18.34 Million Investment in UGI Co. (NYSE:UGI)

Loomis Sayles & Co. L P acquired a new position in UGI Co. (NYSE:UGI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 649,814 shares of the utilities provider’s stock, valued at approximately $18,344,000. Loomis Sayles & Co. L P owned about 0.30% of UGI as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC raised its position in UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after buying an additional 2,786,878 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in shares of UGI by 2,050.9% in the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock valued at $67,067,000 after purchasing an additional 2,265,300 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of UGI by 33.8% during the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock valued at $127,246,000 after purchasing an additional 1,202,938 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in UGI by 47.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after purchasing an additional 808,113 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in UGI in the 4th quarter worth about $12,903,000. Institutional investors own 82.34% of the company’s stock.

UGI Trading Down 0.2 %

NYSE:UGI opened at $32.88 on Friday. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.49. The firm has a 50-day moving average price of $32.26 and a two-hundred day moving average price of $28.27. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS 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 expect that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.56%. UGI’s dividend payout ratio (DPR) is presently 59.06%.

Insiders Place Their Bets

In other news, insider Michael Sharp bought 4,806 shares of the firm’s stock in a transaction on 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 represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.73% of the company’s stock.

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.