UGI Co. (NYSE:UGI) Stock Position Decreased by State Street Corp

State Street Corp reduced its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,213,069 shares of the utilities provider's stock after selling 146,814 shares during the quarter. State Street Corp owned about 4.29% of UGI worth $233,919,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of UGI by 4.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,772 shares of the utilities provider's stock worth $544,000 after buying an additional 928 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in UGI in the second quarter worth approximately $269,000. SteelPeak Wealth LLC bought a new position in shares of UGI in the second quarter valued at $209,000. Wedge Capital Management L L P NC lifted its position 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 valued at $13,247,000 after acquiring an additional 64,755 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of UGI in the 2nd quarter worth $1,347,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UGI shares. Jefferies Financial Group initiated coverage on UGI in a research report on Friday, November 22nd. They issued a "buy" rating and a $28.00 price target for the company. Mizuho upgraded shares of UGI from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Finally, Wells Fargo & Company lifted their target price on shares of UGI from $26.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, UGI currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.33.

UGI Stock Up 0.6 %

UGI stock traded up $0.16 during mid-day trading on Thursday, hitting $28.80. The company's stock had a trading volume of 2,011,183 shares, compared to its average volume of 2,229,610. The company has a market cap of $6.18 billion, a PE ratio of 23.27 and a beta of 1.21. UGI Co. has a 52-week low of $21.51 and a 52-week high of $30.48. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. The firm's 50 day moving average is $25.60 and its 200 day moving average is $24.49.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be paid a $0.375 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.50 annualized dividend and a yield of 5.21%. UGI's dividend payout ratio is presently 120.97%.

UGI 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.