Cyndeo Wealth Partners LLC Takes $7.23 Million Position in UGI Co. (NYSE:UGI)

Cyndeo Wealth Partners LLC bought a new stake in shares of UGI Co. (NYSE:UGI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 255,965 shares of the utilities provider's stock, valued at approximately $7,226,000. Cyndeo Wealth Partners LLC owned approximately 0.12% of UGI as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UGI. FMR LLC boosted its stake in UGI by 42.0% during the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider's stock valued at $235,660,000 after buying an additional 2,786,878 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in shares of UGI by 2,050.9% during the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock valued at $67,067,000 after purchasing an additional 2,265,300 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of UGI by 33.8% during the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider's stock valued at $127,246,000 after purchasing an additional 1,202,938 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of UGI by 112.7% during the second quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider's stock valued at $46,383,000 after purchasing an additional 1,073,013 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of UGI by 47.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider's stock valued at $62,630,000 after purchasing an additional 808,113 shares during the last quarter. Institutional investors own 82.34% of the company's stock.

UGI Stock Down 0.5 %

UGI stock traded down $0.16 during mid-day trading on Friday, hitting $30.36. The company's stock had a trading volume of 1,445,886 shares, compared to its average volume of 1,405,880. The firm's 50 day moving average is $28.41 and its 200 day moving average is $25.69. The company has a market cap of $6.52 billion, a PE ratio of 24.48 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 Co. has a 52-week low of $22.01 and a 52-week high of $30.66.

UGI Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend was Monday, December 16th. UGI's dividend payout ratio is currently 120.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UGI shares. Wells Fargo & Company upped their target price on UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Jefferies Financial Group started coverage on UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 target price for the company. Finally, Mizuho raised UGI from a "neutral" rating to an "outperform" rating and upped their target price for the company from $27.00 to $30.00 in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.33.

About UGI

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.