Citigroup Inc. Purchases 50,485 Shares of UGI Co. (NYSE:UGI)

Citigroup Inc. raised its position in UGI Co. (NYSE:UGI - Free Report) by 33.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 203,313 shares of the utilities provider's stock after purchasing an additional 50,485 shares during the quarter. Citigroup Inc. owned about 0.09% of UGI worth $5,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Jupiter Asset Management Ltd. acquired a new position in UGI during the second quarter worth about $53,371,000. ProShare Advisors LLC lifted its stake in UGI by 84.9% during the second quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider's stock valued at $55,991,000 after purchasing an additional 1,122,766 shares during the last quarter. AQR Capital Management LLC boosted its holdings in UGI by 112.7% during the second quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider's stock worth $46,383,000 after buying an additional 1,073,013 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in UGI by 47.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider's stock worth $62,630,000 after buying an additional 808,113 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of UGI by 28.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider's stock valued at $81,014,000 after acquiring an additional 788,457 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

UGI Stock Up 1.3 %

NYSE UGI traded up $0.38 on Tuesday, reaching $29.15. The stock had a trading volume of 2,762,234 shares, compared to its average volume of 2,218,041. UGI Co. has a 1 year low of $21.51 and a 1 year high of $30.48. The business has a 50 day moving average price of $25.16 and a 200 day moving average price of $24.33. 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 $6.26 billion, a price-to-earnings ratio of 23.51 and a beta of 1.21.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.50 annualized dividend and a yield of 5.15%. UGI's dividend payout ratio (DPR) is presently 120.97%.

Analyst Ratings Changes

UGI has been the subject of several analyst reports. Jefferies Financial Group assumed coverage on UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 target price for the company. Wells Fargo & Company raised their price objective on shares of UGI from $26.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Mizuho raised shares of UGI from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, StockNews.com cut UGI from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, UGI currently has a consensus 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.