Principal Financial Group Inc. Sells 200,873 Shares of UGI Co. (NYSE:UGI)

Principal Financial Group Inc. reduced its position in shares of UGI Co. (NYSE:UGI - Free Report) by 28.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 497,194 shares of the utilities provider's stock after selling 200,873 shares during the period. Principal Financial Group Inc. owned about 0.23% of UGI worth $12,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in UGI. State Board of Administration of Florida Retirement System grew its holdings in UGI by 12.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 217,949 shares of the utilities provider's stock worth $5,348,000 after acquiring an additional 24,740 shares during the period. Jacobi Capital Management LLC boosted its holdings in shares of UGI by 29.3% during the 1st quarter. Jacobi Capital Management LLC now owns 41,845 shares of the utilities provider's stock worth $1,027,000 after buying an additional 9,487 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of UGI in the 1st quarter valued at $268,000. Shell Asset Management Co. lifted its position in shares of UGI by 29.8% during the 1st quarter. Shell Asset Management Co. now owns 33,397 shares of the utilities provider's stock valued at $820,000 after acquiring an additional 7,666 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in UGI by 28.3% in the first quarter. Advisors Asset Management Inc. now owns 350,339 shares of the utilities provider's stock worth $8,597,000 after purchasing an additional 77,307 shares during the period. Institutional investors and hedge funds own 82.34% of the company's stock.

Analyst Ratings Changes

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

UGI Price Performance

NYSE UGI traded up $0.88 on Friday, reaching $24.12. 2,948,883 shares of the company's stock traded hands, compared to its average volume of 1,677,275. The stock has a market cap of $5.18 billion, a PE ratio of 7.73 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. UGI Co. has a 12 month low of $21.47 and a 12 month high of $26.15. The stock has a 50-day simple moving average of $24.25 and a 200 day simple moving average of $24.07.

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.