Bragg Financial Advisors Inc Raises Stock Position in UGI Co. (NYSE:UGI)

Bragg Financial Advisors Inc boosted its position in UGI Co. (NYSE:UGI) by 20.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 874,069 shares of the utilities provider’s stock after purchasing an additional 150,910 shares during the quarter. UGI comprises 1.0% of Bragg Financial Advisors Inc’s investment portfolio, making the stock its 24th biggest position. Bragg Financial Advisors Inc’s holdings in UGI were worth $24,675,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UGI. JPMorgan Chase & Co. boosted its stake in UGI by 35.1% during the third 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 period. Allspring Global Investments Holdings LLC boosted its position in shares of UGI by 254.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock valued at $5,138,000 after acquiring an additional 130,407 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of UGI by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider’s stock valued at $72,130,000 after acquiring an additional 51,861 shares during the last quarter. Bleakley Financial Group LLC bought a new position in shares of UGI in the fourth quarter worth approximately $253,000. Finally, Everence Capital Management Inc. purchased a new stake in UGI in the fourth quarter valued at approximately $593,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Trading Up 1.8 %

Shares of UGI stock opened at $31.51 on Friday. The company has a 50 day simple moving average of $32.51 and a two-hundred day simple moving average of $28.89. The firm has a market cap of $6.77 billion, a PE ratio of 12.41, a PEG 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. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. Analysts expect that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed 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 was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.76%. UGI’s dividend payout ratio is 59.06%.

Insider Activity at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, the insider now owns 4,806 shares of the company’s stock, valued at $160,039.80. The trade was a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by insiders.

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.