BNP Paribas Financial Markets Grows Stock Position in UGI Co. (NYSE:UGI)

BNP Paribas Financial Markets raised its holdings in UGI Co. (NYSE:UGI - Free Report) by 24.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 436,755 shares of the utilities provider's stock after buying an additional 85,940 shares during the quarter. BNP Paribas Financial Markets owned 0.20% of UGI worth $10,928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of UGI. International Assets Investment Management LLC raised its holdings in shares of UGI by 2,402.0% during the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider's stock valued at $652,000 after purchasing an additional 25,005 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of UGI in the second quarter valued at $2,088,000. Wedge Capital Management L L P NC lifted its position in UGI by 12.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 578,469 shares of the utilities provider's stock valued at $13,247,000 after acquiring an additional 64,755 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in UGI by 945.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 51,280 shares of the utilities provider's stock valued at $1,283,000 after purchasing an additional 46,377 shares during the last quarter. Finally, Commerce Bank bought a new stake in UGI during the 3rd quarter worth approximately $645,000. 82.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

UGI Stock Performance

NYSE:UGI traded down $1.60 during trading on Monday, reaching $28.77. The company's stock had a trading volume of 4,173,196 shares, compared to its average volume of 2,215,009. UGI Co. has a 12 month low of $21.51 and a 12 month high of $30.48. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 23.20 and a beta of 1.13. The firm has a 50 day moving average of $24.99 and a 200-day moving average of $24.27. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.71 and a current ratio of 0.80.

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 issued a dividend of $0.375 per share. The ex-dividend date is Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a yield of 5.21%. UGI's dividend payout ratio (DPR) is presently 120.97%.

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.