Diamond Hill Capital Management Inc. Sells 49,763 Shares of UGI Co. (NYSE:UGI)

Diamond Hill Capital Management Inc. lessened its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,535,479 shares of the utilities provider's stock after selling 49,763 shares during the period. Diamond Hill Capital Management Inc. owned about 0.72% of UGI worth $38,418,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of UGI by 1.2% during 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 buying an additional 45,630 shares during the period. Federated Hermes Inc. boosted its position in shares of UGI by 28.7% during the second quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider's stock valued at $81,014,000 after buying an additional 788,457 shares during the period. LSV Asset Management boosted its position in shares of UGI by 13.3% during the second quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider's stock valued at $69,267,000 after buying an additional 356,200 shares during the period. ProShare Advisors LLC boosted its position in shares of 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. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of UGI in the second quarter valued at approximately $53,371,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UGI. StockNews.com lowered UGI from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Wells Fargo & Company boosted their price target on UGI from $26.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th.

UGI Stock Up 1.0 %

NYSE:UGI traded up $0.24 during trading hours on Monday, reaching $24.05. The company's stock had a trading volume of 414,326 shares, compared to its average volume of 2,108,589. The company has a market capitalization of $5.16 billion, a P/E ratio of 7.63 and a beta of 1.13. UGI Co. has a 12 month low of $20.42 and a 12 month high of $26.15. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The stock has a 50 day moving average price of $24.35 and a two-hundred day moving average price of $24.13.

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.