Reston Wealth Management LLC bought a new stake in UGI Co. (NYSE:UGI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,541 shares of the utilities provider's stock, valued at approximately $326,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Easterly Investment Partners LLC lifted its stake in UGI by 0.8% during the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider's stock worth $1,482,000 after purchasing an additional 450 shares during the last quarter. Wright Investors Service Inc. grew its holdings in UGI by 1.3% during the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider's stock worth $1,050,000 after acquiring an additional 484 shares during the period. MetLife Investment Management LLC grew its holdings in UGI by 0.4% during the 3rd quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider's stock worth $2,774,000 after acquiring an additional 489 shares during the period. Signaturefd LLC grew its stake in shares of UGI by 7.2% in 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 during the period. Finally, UMB Bank n.a. grew its stake in shares of UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock valued at $38,000 after buying an additional 540 shares during the period. Institutional investors and hedge funds own 82.34% of the company's stock.
UGI Price Performance
Shares of NYSE UGI traded up $1.08 during mid-day trading on Thursday, reaching $30.89. 878,720 shares of the company were exchanged, compared to its average volume of 1,773,575. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $6.63 billion, a PE ratio of 24.91 and a beta of 1.21. The company's 50 day moving average price is $28.77 and its 200 day moving average price is $25.87. UGI Co. has a 52 week low of $22.01 and a 52 week high of $30.96.
UGI Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Monday, December 16th. UGI's dividend payout ratio is presently 120.97%.
Analysts Set New Price Targets
Several brokerages recently weighed in on UGI. Jefferies Financial Group began coverage on shares of UGI in a research report on Friday, November 22nd. They issued a "buy" rating and a $28.00 price target on the stock. Mizuho raised shares of UGI from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Finally, Wells Fargo & Company lifted their price objective 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. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.33.
Read Our Latest Stock Analysis on UGI
UGI Company Profile
(
Free Report)
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.
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