UGI Co. (NYSE:UGI) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in UGI Co. (NYSE:UGI - Free Report) by 47.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,503,214 shares of the utilities provider's stock after acquiring an additional 808,113 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.17% of UGI worth $62,630,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. lifted its holdings in shares of UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider's stock valued at $27,000 after buying an additional 598 shares during the period. Concord Wealth Partners lifted its position in UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider's stock valued at $32,000 after buying an additional 637 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in UGI in the 2nd quarter valued at $32,000. Duncker Streett & Co. Inc. purchased a new stake in shares of UGI during the 2nd quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UGI during the second quarter worth $40,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UGI has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of UGI in a report on Friday, November 22nd. They issued a "buy" rating and a $28.00 price objective on the stock. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and increased their price target for the company from $27.00 to $30.00 in a report on Friday, November 15th. StockNews.com downgraded UGI from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Finally, Wells Fargo & Company increased their target price on UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $28.33.

UGI Stock Performance

Shares of UGI traded up $0.33 during trading hours on Friday, reaching $30.37. 1,917,682 shares of the company's stock traded hands, compared to its average volume of 2,206,532. UGI Co. has a twelve month low of $21.51 and a twelve month high of $30.48. The business's fifty day simple moving average is $24.99 and its two-hundred day simple moving average is $24.28. 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 firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 24.49 and a beta of 1.13.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Monday, December 16th. UGI's dividend payout ratio (DPR) is presently 120.97%.

UGI Company 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.