Grantham Mayo Van Otterloo & Co. LLC Makes New Investment in UGI Co. (NYSE:UGI)

Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of UGI Co. (NYSE:UGI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,984 shares of the utilities provider’s stock, valued at approximately $423,000.

Other large investors have also recently made changes to their positions in the company. AIA Group Ltd raised its holdings in UGI by 1.8% during the fourth quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider’s stock worth $509,000 after purchasing an additional 323 shares in the last quarter. US Bancorp DE increased its position in UGI by 3.7% during the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider’s stock worth $306,000 after purchasing an additional 388 shares during the period. Hourglass Capital LLC raised its stake in shares of UGI by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock worth $2,330,000 after buying an additional 470 shares in the last quarter. Wright Investors Service Inc. lifted its holdings in shares of UGI by 1.3% in the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock valued at $1,050,000 after buying an additional 484 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of UGI by 15.1% in the fourth quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider’s stock valued at $106,000 after buying an additional 491 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UGI

In other UGI news, insider Michael Sharp acquired 4,806 shares of the stock in a transaction that occurred 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 purchase, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.73% of the stock is currently owned by company insiders.

UGI Trading Down 1.5 %

NYSE:UGI opened at $30.07 on Wednesday. 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 quick ratio of 0.82 and a current ratio of 1.00. The stock has a fifty day moving average price of $32.49 and a two-hundred day moving average price of $28.74. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI) last announced its quarterly earnings data 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%. As a group, sell-side analysts anticipate that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date was Monday, March 17th. UGI’s dividend payout ratio is currently 59.06%.

UGI 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.