Quadrature Capital Ltd Sells 78,836 Shares of UGI Co. (NYSE:UGI)

Quadrature Capital Ltd lessened its holdings in UGI Co. (NYSE:UGI - Free Report) by 72.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,091 shares of the utilities provider's stock after selling 78,836 shares during the quarter. Quadrature Capital Ltd's holdings in UGI were worth $753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. boosted its holdings in UGI by 33.0% in the 3rd quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider's stock valued at $5,087,000 after purchasing an additional 50,485 shares during the period. International Assets Investment Management LLC raised its position in shares of UGI by 2,402.0% in the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider's stock valued at $652,000 after buying an additional 25,005 shares in the last quarter. FMR LLC boosted its stake in shares of UGI by 42.0% in the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider's stock valued at $235,660,000 after buying an additional 2,786,878 shares during the period. Wedge Capital Management L L P NC grew its position in UGI by 12.6% during the second quarter. Wedge Capital Management L L P NC now owns 578,469 shares of the utilities provider's stock worth $13,247,000 after buying an additional 64,755 shares in the last quarter. Finally, Commerce Bank bought a new position in UGI during the 3rd quarter worth $645,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UGI has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on UGI from $26.00 to $27.00 and gave the company 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 upped their price objective for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Finally, Jefferies Financial Group initiated coverage on shares of UGI in a research note on Friday, November 22nd. They set a "buy" rating and a $28.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $28.33.

UGI Price Performance

Shares of UGI traded down $0.31 during midday trading on Friday, hitting $27.72. The company's stock had a trading volume of 2,890,710 shares, compared to its average volume of 3,286,872. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. UGI Co. has a one year low of $21.51 and a one year high of $30.48. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 22.35 and a beta of 1.21. The company's fifty day simple moving average is $25.37 and its two-hundred day simple moving average is $24.41.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.41%. UGI's dividend payout ratio (DPR) is currently 120.97%.

About UGI

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.