Commerce Bank Takes Position in UGI Co. (NYSE:UGI)

Commerce Bank purchased a new stake in UGI Co. (NYSE:UGI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,793 shares of the utilities provider's stock, valued at approximately $645,000.

A number of other hedge funds have also made changes to their positions in UGI. Federated Hermes Inc. boosted its stake in shares of UGI by 28.7% during the second quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider's stock valued at $81,014,000 after acquiring an additional 788,457 shares during the last quarter. LSV Asset Management boosted its stake in shares of UGI by 13.3% during the second quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider's stock valued at $69,267,000 after acquiring an additional 356,200 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of UGI by 84.9% during the second quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider's stock valued at $55,991,000 after acquiring an additional 1,122,766 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of UGI during the second quarter valued at $53,371,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of UGI by 32.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,327,248 shares of the utilities provider's stock valued at $53,293,000 after acquiring an additional 566,416 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

Analyst Ratings Changes

UGI has been the topic of a number of analyst reports. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Wells Fargo & Company raised their price target on UGI from $26.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Jefferies Financial Group assumed coverage on UGI in a research note on Friday. They issued a "buy" rating and a $28.00 price target on the stock. Finally, StockNews.com lowered UGI from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.33.

UGI Trading Up 2.3 %

Shares of NYSE UGI traded up $0.68 during midday trading on Tuesday, hitting $30.01. The stock had a trading volume of 7,975,034 shares, compared to its average volume of 2,198,548. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 23.66 and a beta of 1.13. UGI Co. has a 1-year low of $21.51 and a 1-year high of $30.01. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The company has a fifty day moving average price of $24.51 and a 200 day moving average price of $24.12.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Monday, December 16th. UGI's dividend payout ratio is currently 120.97%.

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.