UGI Co. (NYSE:UGI) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lessened its position in shares of UGI Co. (NYSE:UGI - Free Report) by 55.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,753 shares of the utilities provider's stock after selling 25,699 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in UGI were worth $519,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. grew its stake 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 purchasing an additional 598 shares during the last quarter. Concord Wealth Partners increased its stake in UGI by 100.0% in the 3rd 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 during the period. Hantz Financial Services Inc. purchased a new position in UGI during the 2nd quarter worth $32,000. Duncker Streett & Co. Inc. acquired a new stake in shares of UGI in the 2nd quarter worth $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of UGI in the second quarter valued at about $40,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

Analyst Upgrades and Downgrades

UGI has been the subject of several analyst reports. Mizuho raised shares of UGI from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $27.00 to $30.00 in a report on Friday. StockNews.com cut UGI from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Finally, Wells Fargo & Company upped their price objective on UGI from $26.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th.

UGI Price Performance

UGI traded up $0.88 on Friday, hitting $24.12. 2,948,883 shares of the company were exchanged, compared to its average volume of 1,677,275. UGI Co. has a fifty-two week low of $21.47 and a fifty-two week high of $26.15. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The firm has a market capitalization of $5.18 billion, a P/E ratio of 7.73 and a beta of 1.13. The business's fifty day moving average is $24.25 and its 200 day moving average is $24.07.

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.