Massachusetts Financial Services Co. MA Has $25.69 Million Stock Position in UGI Co. (NYSE:UGI)

Massachusetts Financial Services Co. MA lifted its position in UGI Co. (NYSE:UGI - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,026,717 shares of the utilities provider's stock after acquiring an additional 35,562 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.48% of UGI worth $25,688,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC acquired a new position in UGI during the 1st quarter valued at approximately $268,000. Price T Rowe Associates Inc. MD boosted its stake in UGI by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 118,947 shares of the utilities provider's stock valued at $2,919,000 after purchasing an additional 6,407 shares during the period. Comerica Bank grew its position in UGI by 2.1% in the 1st quarter. Comerica Bank now owns 131,165 shares of the utilities provider's stock worth $3,219,000 after purchasing an additional 2,714 shares during the last quarter. EMC Capital Management increased its stake in shares of UGI by 53.5% in the first quarter. EMC Capital Management now owns 9,488 shares of the utilities provider's stock valued at $233,000 after purchasing an additional 3,306 shares during the period. Finally, Burney Co. boosted its position in shares of UGI by 488.6% during the first quarter. Burney Co. now owns 748,584 shares of the utilities provider's stock worth $18,370,000 after buying an additional 621,409 shares during the period. 82.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UGI shares. StockNews.com cut UGI from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Mizuho raised shares of UGI from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Wells Fargo & Company boosted their target price on UGI from $26.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Finally, Jefferies Financial Group started coverage on UGI in a research report on Friday. They set a "buy" rating and a $28.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $28.33.

UGI Price Performance

UGI stock traded up $0.68 on Tuesday, hitting $30.01. 7,975,034 shares of the company's stock traded hands, compared to its average volume of 2,198,548. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 24.20 and a beta of 1.13. UGI Co. has a 1-year low of $21.51 and a 1-year high of $30.01. The stock has a fifty day moving average of $24.63 and a 200-day moving average of $24.16.

UGI Dividend Announcement

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 paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Monday, December 16th. UGI's dividend payout ratio is 120.97%.

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.