UGI Co. (NYSE:UGI) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 20.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,809 shares of the utilities provider's stock after buying an additional 36,037 shares during the period. Northwest & Ethical Investments L.P. owned 0.10% of UGI worth $5,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of UGI. Whittier Trust Co. lifted its stake in UGI by 99.7% during the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider's stock worth $27,000 after purchasing an additional 598 shares during the last quarter. Concord Wealth Partners lifted its position in shares of UGI by 100.0% during the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider's stock worth $32,000 after buying an additional 637 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of UGI in the 2nd quarter valued at $32,000. Duncker Streett & Co. Inc. purchased a new position in shares of UGI in the 2nd quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in UGI during the 2nd quarter worth $40,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UGI has been the topic of several research reports. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Jefferies Financial Group began coverage on UGI in a research report on Friday, November 22nd. They set a "buy" rating and a $28.00 price target on the stock. Wells Fargo & Company boosted their price objective on UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Finally, StockNews.com lowered shares of UGI from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and two have assigned 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 Stock Performance

UGI stock traded up $0.33 during trading on Friday, hitting $30.37. The company had a trading volume of 1,917,682 shares, compared to its average volume of 2,206,532. UGI Co. has a 1-year low of $21.51 and a 1-year high of $30.48. The firm has a 50-day moving average price of $24.99 and a 200-day moving average price of $24.28. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The firm has a market cap of $6.52 billion, a PE ratio of 24.49 and a beta of 1.13.

UGI Dividend Announcement

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