ARGA Investment Management LP Purchases 61,765 Shares of UGI Co. (NYSE:UGI)

ARGA Investment Management LP boosted its position in UGI Co. (NYSE:UGI - Free Report) by 115.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,254 shares of the utilities provider's stock after buying an additional 61,765 shares during the quarter. ARGA Investment Management LP owned approximately 0.05% of UGI worth $2,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Captrust Financial Advisors grew its stake in shares of UGI by 13.4% during the third quarter. Captrust Financial Advisors now owns 11,947 shares of the utilities provider's stock valued at $299,000 after buying an additional 1,414 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in UGI by 20.0% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 215,809 shares of the utilities provider's stock valued at $5,400,000 after acquiring an additional 36,037 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in UGI by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 566,794 shares of the utilities provider's stock worth $14,181,000 after acquiring an additional 10,105 shares during the last quarter. MetLife Investment Management LLC increased its stake in UGI by 0.4% in the 3rd quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider's stock worth $2,774,000 after purchasing an additional 489 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in UGI by 2.5% in the third quarter. Glenmede Trust Co. NA now owns 22,034 shares of the utilities provider's stock valued at $551,000 after purchasing an additional 541 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UGI shares. Wells Fargo & Company raised their target price on shares of UGI from $26.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Jefferies Financial Group started coverage on shares of UGI in a report on Friday, November 22nd. They issued a "buy" rating and a $28.00 price target on the stock. Mizuho raised shares of UGI from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, StockNews.com lowered shares of UGI from a "buy" rating to a "hold" rating in a report 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, the company presently has an average rating of "Moderate Buy" and an average target price of $28.33.

UGI Trading Up 1.1 %

NYSE:UGI traded up $0.33 during trading hours on Friday, hitting $30.37. The company had a trading volume of 1,917,682 shares, compared to its average volume of 3,043,277. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.71. The stock has a 50-day moving average price of $24.99 and a 200 day moving average price of $24.27. The company has a market capitalization of $6.52 billion, a PE ratio of 24.49 and a beta of 1.13. UGI Co. has a 52 week low of $21.51 and a 52 week high of $30.48.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Monday, December 16th. UGI's payout ratio is 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.