Burney Co. Acquires 19,176 Shares of UGI Co. (NYSE:UGI)

Burney Co. increased its position in UGI Co. (NYSE:UGI - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 662,011 shares of the utilities provider's stock after buying an additional 19,176 shares during the quarter. Burney Co. owned 0.31% of UGI worth $18,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in UGI. Concord Wealth Partners grew its position in shares of UGI by 100.0% in the 3rd 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in UGI in the second quarter worth $40,000. Farther Finance Advisors LLC boosted its holdings in UGI by 189.9% in the third quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider's stock valued at $52,000 after acquiring an additional 1,358 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in UGI during the 3rd quarter valued at $55,000. Finally, Venturi Wealth Management LLC raised its holdings in UGI by 1,537.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,258 shares of the utilities provider's stock worth $82,000 after purchasing an additional 3,059 shares in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Stock Down 0.1 %

NYSE:UGI traded down $0.04 during trading hours on Wednesday, reaching $29.35. 1,986,642 shares of the company traded hands, compared to its average volume of 1,813,266. UGI Co. has a 1 year low of $21.67 and a 1 year high of $30.48. The stock has a market capitalization of $6.30 billion, a P/E ratio of 23.67 and a beta of 1.21. The business's 50-day moving average price is $27.39 and its two-hundred day moving average price is $25.31. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend was Monday, December 16th. UGI's payout ratio is 120.97%.

Analyst Ratings Changes

UGI has been the topic of a number of research reports. Wells Fargo & Company lifted their target price on shares of UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Finally, 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. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $28.33.

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.