Quantbot Technologies LP Reduces Stake in UGI Co. (NYSE:UGI)

Quantbot Technologies LP reduced its position in shares of UGI Co. (NYSE:UGI - Free Report) by 46.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,987 shares of the utilities provider's stock after selling 125,479 shares during the period. Quantbot Technologies LP owned 0.07% of UGI worth $3,653,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake 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 worth $652,000 after buying an additional 25,005 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in UGI in the 2nd quarter worth approximately $2,088,000. Wedge Capital Management L L P NC boosted its holdings 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. Allspring Global Investments Holdings LLC grew its position in shares of UGI by 945.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 51,280 shares of the utilities provider's stock valued at $1,283,000 after purchasing an additional 46,377 shares in the last quarter. Finally, Commerce Bank acquired a new stake in shares of UGI in the third quarter valued at approximately $645,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Stock Performance

Shares of NYSE:UGI traded up $0.06 during midday trading on Thursday, hitting $30.04. The stock had a trading volume of 4,323,883 shares, compared to its average volume of 2,207,298. The company has a market capitalization of $6.45 billion, a PE ratio of 24.23 and a beta of 1.13. UGI Co. has a 1 year low of $21.51 and a 1 year high of $30.48. The stock has a 50 day moving average price of $24.86 and a two-hundred day moving average price of $24.24. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, December 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.99%. UGI's payout ratio is currently 120.97%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UGI. Wells Fargo & Company increased 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. StockNews.com cut UGI from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Mizuho raised 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, November 15th. Finally, Jefferies Financial Group started coverage on UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 price target for the company. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, UGI presently has an average rating of "Moderate Buy" and a consensus target price of $28.33.

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.