Barclays PLC grew its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,810 shares of the utilities provider's stock after acquiring an additional 22,752 shares during the period. Barclays PLC owned about 0.15% of UGI worth $7,852,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Easterly Investment Partners LLC increased its holdings in UGI by 0.8% in the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider's stock valued at $1,482,000 after buying an additional 450 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of UGI by 0.4% in the 3rd quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider's stock valued at $2,774,000 after acquiring an additional 489 shares during the last quarter. Signaturefd LLC raised its position in shares of UGI by 7.2% during the 3rd quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider's stock valued at $197,000 after acquiring an additional 531 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in UGI by 2.5% during the third quarter. Glenmede Trust Co. NA now owns 22,034 shares of the utilities provider's stock worth $551,000 after purchasing an additional 541 shares during the last quarter. Finally, V2 Financial group LLC boosted its holdings in UGI by 4.2% in the third quarter. V2 Financial group LLC now owns 13,966 shares of the utilities provider's stock worth $349,000 after purchasing an additional 567 shares during the period. Institutional investors own 82.34% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on UGI. Jefferies Financial Group started coverage on shares of UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 target price on the stock. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Finally, Wells Fargo & Company boosted their price target on shares of UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Two equities research 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, UGI has an average rating of "Moderate Buy" and an average target price of $28.33.
Check Out Our Latest Report on UGI
UGI Stock Performance
UGI stock traded down $0.96 on Wednesday, reaching $26.74. The company's stock had a trading volume of 3,123,894 shares, compared to its average volume of 2,232,521. UGI Co. has a 52 week low of $21.67 and a 52 week high of $30.48. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. The company has a market capitalization of $5.74 billion, a P/E ratio of 21.56 and a beta of 1.21. The firm has a fifty day moving average of $25.95 and a two-hundred day moving average of $24.60.
UGI Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors 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 5.61%. The ex-dividend date is Monday, December 16th. UGI's dividend payout ratio is currently 120.97%.
UGI Company Profile
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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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