Dynamic Technology Lab Private Ltd Sells 56,096 Shares of UGI Co. (NYSE:UGI)

Dynamic Technology Lab Private Ltd decreased its stake in UGI Co. (NYSE:UGI - Free Report) by 60.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,235 shares of the utilities provider's stock after selling 56,096 shares during the period. Dynamic Technology Lab Private Ltd's holdings in UGI were worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in UGI. Whittier Trust Co. grew its stake in UGI by 99.7% during the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider's stock worth $27,000 after purchasing an additional 598 shares during the period. Hantz Financial Services Inc. acquired a new stake in UGI in the second quarter valued at approximately $32,000. Concord Wealth Partners increased its holdings in shares of UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 637 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new position in shares of UGI during the second quarter worth approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of UGI in the 2nd quarter worth $40,000. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Stock Up 0.2 %

UGI stock traded up $0.06 during mid-day trading on Thursday, reaching $30.04. 4,323,883 shares of the company traded hands, compared to its average volume of 2,207,298. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 24.23 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. UGI Co. has a fifty-two week low of $21.51 and a fifty-two week high of $30.48. The firm's 50 day moving average price is $24.75 and its 200 day moving average price is $24.20.

UGI Dividend Announcement

The company 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 dividend payout ratio is currently 120.97%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 price objective on the stock. StockNews.com lowered shares of UGI from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Mizuho upgraded UGI from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, Wells Fargo & Company lifted their price target on 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 issued a buy rating to the stock. Based on data from MarketBeat.com, UGI currently has an average rating of "Moderate Buy" and an average price target 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.