International Assets Investment Management LLC Purchases 25,005 Shares of UGI Co. (NYSE:UGI)

International Assets Investment Management LLC lifted its position in UGI Co. (NYSE:UGI - Free Report) by 2,402.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,046 shares of the utilities provider's stock after purchasing an additional 25,005 shares during the quarter. International Assets Investment Management LLC's holdings in UGI were worth $652,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UGI. Wealth Enhancement Advisory Services LLC boosted its holdings in UGI by 25.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,844 shares of the utilities provider's stock valued at $561,000 after acquiring an additional 4,597 shares during the period. BNP Paribas Financial Markets boosted its holdings in UGI by 57.5% during the 1st quarter. BNP Paribas Financial Markets now owns 523,873 shares of the utilities provider's stock valued at $12,856,000 after acquiring an additional 191,260 shares during the period. Janney Montgomery Scott LLC boosted its holdings in UGI by 3.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 245,584 shares of the utilities provider's stock valued at $6,027,000 after acquiring an additional 8,796 shares during the period. Csenge Advisory Group boosted its holdings in UGI by 9.0% during the 1st quarter. Csenge Advisory Group now owns 17,943 shares of the utilities provider's stock valued at $440,000 after acquiring an additional 1,487 shares during the period. Finally, Texas Permanent School Fund Corp raised its position in UGI by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 183,221 shares of the utilities provider's stock valued at $4,496,000 after purchasing an additional 2,436 shares during the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UGI has been the subject of a number of recent analyst reports. StockNews.com lowered UGI from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Wells Fargo & Company upped their price target on UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th.

UGI Trading Up 2.0 %

UGI traded up $0.46 during midday trading on Wednesday, reaching $23.92. 2,245,459 shares of the company's stock traded hands, compared to its average volume of 2,115,096. The firm has a fifty day moving average of $24.38 and a two-hundred day moving average of $24.17. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 7.67 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. UGI Co. has a 52 week low of $20.32 and a 52 week high of $26.15.

UGI (NYSE:UGI - Get Free Report) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.12. UGI had a return on equity of 15.65% and a net margin of 9.13%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.73 billion. The company's quarterly revenue was down 16.8% compared to the same quarter last year. On average, equities analysts anticipate that UGI Co. will post 2.93 earnings per share for the current fiscal year.

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.