Oppenheimer & Co. Inc. Lowers Holdings in UGI Co. (NYSE:UGI)

Oppenheimer & Co. Inc. reduced its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 34.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,618 shares of the utilities provider's stock after selling 28,066 shares during the period. Oppenheimer & Co. Inc.'s holdings in UGI were worth $1,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Easterly Investment Partners LLC grew its position in shares of UGI by 0.8% during the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider's stock valued at $1,482,000 after acquiring an additional 450 shares during the period. GAMMA Investing LLC lifted its stake in shares of UGI by 24.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider's stock valued at $60,000 after buying an additional 512 shares in the last quarter. Signaturefd LLC lifted its stake in shares of UGI by 7.2% during the 3rd quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider's stock valued at $197,000 after buying an additional 531 shares in the last quarter. Fulton Bank N.A. lifted its stake in shares of UGI by 3.9% during the 2nd quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider's stock valued at $343,000 after buying an additional 558 shares in the last quarter. Finally, V2 Financial group LLC lifted its stake in shares of UGI by 4.2% during the 3rd quarter. V2 Financial group LLC now owns 13,966 shares of the utilities provider's stock valued at $349,000 after buying an additional 567 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

UGI Price Performance

NYSE UGI traded down $0.08 on Tuesday, hitting $24.36. The stock had a trading volume of 2,298,187 shares, compared to its average volume of 2,115,229. UGI Co. has a 52-week low of $21.51 and a 52-week high of $26.15. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 7.83 and a beta of 1.13. The firm has a 50-day moving average of $24.26 and a 200-day moving average of $24.06.

Analysts Set New Price Targets

A number of brokerages recently commented on UGI. Mizuho upgraded shares of UGI from a "neutral" rating to an "outperform" rating and upped their price target for the company from $27.00 to $30.00 in a research note on Friday. Wells Fargo & Company upped their price target on shares of 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 cut shares of UGI from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th.

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.