Everence Capital Management Inc. Makes New Investment in UGI Co. (NYSE:UGI)

Everence Capital Management Inc. acquired a new position in shares of UGI Co. (NYSE:UGI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,010 shares of the utilities provider's stock, valued at approximately $593,000.

Other large investors have also bought and sold shares of the company. Concord Wealth Partners lifted its stake 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 valued at $32,000 after acquiring an additional 637 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in UGI in the 2nd quarter worth about $40,000. Farther Finance Advisors LLC raised its position 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 purchasing an additional 1,358 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of UGI during the second quarter valued at about $50,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of UGI during the third quarter worth about $55,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

UGI Trading Up 1.2 %

UGI stock traded up $0.35 during trading on Friday, hitting $28.63. The company had a trading volume of 1,095,388 shares, compared to its average volume of 1,136,844. The stock has a market cap of $6.15 billion, a PE ratio of 23.09 and a beta of 1.21. The business has a 50-day moving average of $26.75 and a 200-day moving average of $25.00. 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 Co. has a one year low of $21.67 and a one year high of $30.48.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend was Monday, December 16th. UGI's dividend payout ratio (DPR) is presently 120.97%.

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.