Centiva Capital LP Increases Holdings in UGI Co. (NYSE:UGI)

Centiva Capital LP lifted its position in UGI Co. (NYSE:UGI - Free Report) by 168.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,484 shares of the utilities provider's stock after buying an additional 20,391 shares during the period. Centiva Capital LP's holdings in UGI were worth $813,000 as of its most recent SEC filing.

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

UGI Stock Performance

NYSE UGI traded down $0.31 on Friday, hitting $27.72. 2,890,710 shares of the company traded hands, compared to its average volume of 3,231,317. The business's 50 day moving average price is $25.37 and its 200-day moving average price is $24.41. UGI Co. has a 52-week low of $21.51 and a 52-week high of $30.48. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 22.35 and a beta of 1.21.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be paid a dividend of $0.375 per share. 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 presently 120.97%.

Analyst Upgrades and Downgrades

UGI has been the subject of a number of research analyst reports. 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. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group started coverage on UGI in a report on Friday, November 22nd. They issued a "buy" rating and a $28.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $28.33.

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.