UGI Co. (NYSE:UGI) Stock Holdings Raised by Fmr LLC

FMR LLC lifted its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 42.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,418,865 shares of the utilities provider's stock after buying an additional 2,786,878 shares during the quarter. FMR LLC owned about 4.39% of UGI worth $235,660,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of UGI. Price T Rowe Associates Inc. MD lifted its holdings in shares of UGI by 5.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 118,947 shares of the utilities provider's stock worth $2,919,000 after purchasing an additional 6,407 shares during the period. Comerica Bank increased its position in UGI by 2.1% during the 1st quarter. Comerica Bank now owns 131,165 shares of the utilities provider's stock worth $3,219,000 after purchasing an additional 2,714 shares during the period. GAMMA Investing LLC raised its stake in shares of UGI by 24.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider's stock worth $60,000 after buying an additional 512 shares in the last quarter. Fulton Bank N.A. lifted its holdings in UGI by 3.9% in the second quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider's stock valued at $343,000 after acquiring an additional 558 shares during the period. Finally, Csenge Advisory Group boosted its position in shares of UGI by 15.6% during the 2nd quarter. Csenge Advisory Group now owns 20,736 shares of the utilities provider's stock worth $475,000 after purchasing an additional 2,793 shares in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Price Performance

Shares of NYSE UGI traded down $1.49 during trading on Monday, reaching $28.88. The company had a trading volume of 2,224,513 shares, compared to its average volume of 2,205,524. The stock has a market capitalization of $6.20 billion, a PE ratio of 24.40 and a beta of 1.13. The stock has a 50-day moving average price of $24.99 and a two-hundred day moving average price of $24.27. UGI Co. has a twelve month low of $21.51 and a twelve month high of $30.48. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 1.48.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 5.19%. The ex-dividend date is Monday, December 16th. UGI's dividend payout ratio (DPR) is 120.97%.

Wall Street Analyst Weigh In

Several brokerages recently commented on UGI. Jefferies Financial Group began coverage on shares of UGI in a research note on Friday, November 22nd. They issued a "buy" rating and a $28.00 price objective for the company. StockNews.com downgraded UGI from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and upped their target price for the company from $27.00 to $30.00 in a report on Friday, November 15th. Finally, Wells Fargo & Company boosted their price objective 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, UGI currently has a consensus rating of "Moderate Buy" and a consensus 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.