JPMorgan Chase & Co. Has $30.72 Million Stake in UGI Co. (NYSE:UGI)

JPMorgan Chase & Co. increased its position in UGI Co. (NYSE:UGI - Free Report) by 35.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,227,732 shares of the utilities provider's stock after buying an additional 318,655 shares during the quarter. JPMorgan Chase & Co. owned about 0.57% of UGI worth $30,718,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of UGI. FMR LLC raised its holdings in shares of UGI by 42.0% during the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider's stock valued at $235,660,000 after acquiring an additional 2,786,878 shares during the period. Geode Capital Management LLC raised its stake in UGI by 33.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider's stock valued at $127,246,000 after purchasing an additional 1,202,938 shares during the period. Federated Hermes Inc. raised its stake in 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 purchasing an additional 788,457 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of UGI by 47.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider's stock valued at $62,630,000 after buying an additional 808,113 shares in the last quarter. Finally, ProShare Advisors LLC raised its position 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 buying an additional 1,122,766 shares during the period. Institutional investors own 82.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UGI shares. Jefferies Financial Group assumed coverage on UGI in a report on Friday, November 22nd. They issued a "buy" rating and a $28.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Finally, Mizuho raised shares of UGI from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.33.

UGI Stock Performance

Shares of UGI stock traded up $0.07 during trading on Wednesday, reaching $28.42. The company had a trading volume of 1,479,755 shares, compared to its average volume of 1,565,851. The company has a market capitalization of $6.10 billion, a PE ratio of 22.92 and a beta of 1.21. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. UGI Co. has a one year low of $21.67 and a one year high of $30.48. The firm's 50 day simple moving average is $26.89 and its two-hundred day simple moving average is $25.10.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend was Monday, December 16th. UGI's payout ratio is presently 120.97%.

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.