Amalgamated Bank Reduces Stock Position in UGI Co. (NYSE:UGI)

Amalgamated Bank cut its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 22.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,917 shares of the utilities provider's stock after selling 29,579 shares during the quarter. Amalgamated Bank's holdings in UGI were worth $2,550,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of UGI. Whittier Trust Co. lifted its holdings 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. Hantz Financial Services Inc. acquired a new stake in UGI in the second quarter valued at $32,000. Concord Wealth Partners lifted its holdings in UGI by 100.0% in the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 637 shares during the period. Duncker Streett & Co. Inc. acquired a new stake in UGI in the second quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in UGI in the second quarter valued at $40,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their target price on UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. StockNews.com downgraded UGI from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th.

UGI Price Performance

Shares of NYSE:UGI traded up $0.13 during midday trading on Monday, hitting $23.94. 1,617,293 shares of the stock were exchanged, compared to its average volume of 2,114,107. The stock has a market cap of $5.14 billion, a P/E ratio of 7.63 and a beta of 1.13. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. UGI Co. has a twelve month low of $20.42 and a twelve month high of $26.15. The company has a 50 day moving average price of $24.35 and a 200-day moving average price of $24.13.

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.