Ontario Teachers Pension Plan Board Sells 46,638 Shares of UGI Co. (NYSE:UGI)

Ontario Teachers Pension Plan Board lessened its stake in UGI Co. (NYSE:UGI - Free Report) by 25.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,542 shares of the utilities provider's stock after selling 46,638 shares during the period. Ontario Teachers Pension Plan Board owned about 0.06% of UGI worth $3,466,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in UGI by 2,402.0% during the 3rd quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider's stock worth $652,000 after buying an additional 25,005 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of UGI in the 2nd quarter valued at about $2,088,000. Wedge Capital Management L L P NC increased its stake in shares of UGI by 12.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 578,469 shares of the utilities provider's stock worth $13,247,000 after purchasing an additional 64,755 shares during the last quarter. Gabelli Funds LLC raised its position in shares of UGI by 5.4% in the first quarter. Gabelli Funds LLC now owns 548,100 shares of the utilities provider's stock valued at $13,450,000 after purchasing an additional 28,000 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of UGI by 945.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 51,280 shares of the utilities provider's stock worth $1,283,000 after buying an additional 46,377 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UGI. Wells Fargo & Company increased their target price on shares of UGI from $26.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. StockNews.com downgraded UGI from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Finally, Mizuho raised UGI from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $27.00 to $30.00 in a report on Friday, November 15th.

UGI Price Performance

NYSE UGI traded down $0.05 during trading on Wednesday, reaching $24.32. The company's stock had a trading volume of 2,426,465 shares, compared to its average volume of 2,116,711. UGI Co. has a one year low of $21.51 and a one year high of $26.15. The stock has a market capitalization of $5.22 billion, a PE ratio of 7.81 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. The firm has a fifty day moving average of $24.27 and a 200 day moving average of $24.06.

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.