Advisors Asset Management Inc. grew its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 469,701 shares of the utilities provider's stock after purchasing an additional 30,003 shares during the period. Advisors Asset Management Inc. owned approximately 0.22% of UGI worth $11,752,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. raised its position in shares of UGI by 99.7% during the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider's stock worth $27,000 after purchasing an additional 598 shares during the period. Concord Wealth Partners raised its holdings in UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider's stock worth $32,000 after buying an additional 637 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in UGI during the second quarter worth $32,000. Duncker Streett & Co. Inc. bought a new position in shares of UGI in the second quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of UGI in the 2nd quarter worth about $40,000. 82.34% of the stock is owned by institutional investors and hedge funds.
UGI Stock Performance
NYSE UGI traded down $0.05 on Wednesday, hitting $24.32. 2,426,465 shares of the stock traded hands, compared to its average volume of 2,116,711. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The business's fifty day moving average is $24.27 and its two-hundred day moving average is $24.06. UGI Co. has a 12 month low of $21.51 and a 12 month high of $26.15. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 7.81 and a beta of 1.13.
Wall Street Analyst Weigh In
UGI has been the subject of several recent research reports. StockNews.com downgraded UGI from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Wells Fargo & Company lifted their target price on shares of UGI from $26.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Finally, Mizuho raised UGI from a "neutral" rating to an "outperform" rating and increased their price target for the company from $27.00 to $30.00 in a research report on Friday, November 15th.
Check Out Our Latest Report on UGI
About UGI
(
Free Report)
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.
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