UGI Co. (NYSE:UGI) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP reduced its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 60.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 19,369 shares of the utilities provider's stock after selling 29,473 shares during the period. Aigen Investment Management LP's holdings in UGI were worth $485,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp grew its stake in UGI by 1.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,746,241 shares of the utilities provider's stock valued at $89,962,000 after purchasing an additional 45,630 shares during the last quarter. Federated Hermes Inc. grew its holdings in UGI by 28.7% in the second 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. LSV Asset Management raised its position in shares of UGI by 13.3% during the 2nd quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider's stock worth $69,267,000 after purchasing an additional 356,200 shares during the last quarter. ProShare Advisors LLC raised its stake in UGI by 84.9% in the 2nd 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. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of UGI in the second quarter valued at about $53,371,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Price Performance

Shares of NYSE UGI traded up $0.88 during trading on Friday, hitting $24.12. 2,948,855 shares of the company were exchanged, compared to its average volume of 2,108,643. The firm's fifty day moving average price is $24.25 and its 200 day moving average price is $24.10. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 7.71 and a beta of 1.13. UGI Co. has a 1 year low of $21.47 and a 1 year high of $26.15.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. Mizuho upgraded shares of UGI from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $27.00 to $30.00 in a research note on Friday. Finally, StockNews.com downgraded UGI from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th.

About UGI

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.