Cerity Partners LLC bought a new position in UGI Co. (NYSE:UGI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,538 shares of the utilities provider's stock, valued at approximately $1,340,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of UGI. International Assets Investment Management LLC lifted its stake in shares of UGI by 2,402.0% in the 3rd quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider's stock worth $652,000 after acquiring an additional 25,005 shares during the period. Citigroup Inc. lifted its stake in UGI by 33.0% during the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider's stock valued at $5,087,000 after purchasing an additional 50,485 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in UGI during the second quarter valued at approximately $2,088,000. Wedge Capital Management L L P NC lifted its stake in UGI by 12.6% during the second 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 purchasing an additional 64,755 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in UGI by 945.9% during the third 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. Institutional investors own 82.34% of the company's stock.
UGI Stock Down 0.8 %
UGI stock traded down $0.23 during trading hours on Wednesday, hitting $28.91. The company had a trading volume of 2,571,343 shares, compared to its average volume of 2,219,116. The firm's fifty day moving average is $25.25 and its 200-day moving average is $24.36. UGI Co. has a fifty-two week low of $21.51 and a fifty-two week high of $30.48. The firm has a market capitalization of $6.21 billion, a P/E ratio of 23.31 and a beta of 1.21. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60.
UGI Announces Dividend
The company 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. This represents a $1.50 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend is Monday, December 16th. UGI's dividend payout ratio is currently 120.97%.
Analysts Set New Price Targets
Several analysts recently commented on UGI shares. Wells Fargo & Company increased 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. StockNews.com lowered shares of UGI from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Mizuho upgraded shares of UGI from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $27.00 to $30.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group assumed coverage on shares of UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 price target on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $28.33.
Get Our Latest Analysis on UGI
UGI Profile
(
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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