Mutual Advisors LLC Has $219,000 Position in UGI Co. (NYSE:UGI)

Mutual Advisors LLC lessened its holdings in UGI Co. (NYSE:UGI - Free Report) by 59.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,291 shares of the utilities provider's stock after selling 10,536 shares during the quarter. Mutual Advisors LLC's holdings in UGI were worth $219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UGI. Concord Wealth Partners lifted its position in shares of UGI by 100.0% during the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 637 shares during the period. UMB Bank n.a. lifted its position in UGI by 67.1% during the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock worth $38,000 after purchasing an additional 540 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in UGI during the second quarter worth about $40,000. Farther Finance Advisors LLC increased its holdings in UGI by 189.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider's stock valued at $52,000 after buying an additional 1,358 shares during the period. Finally, Millburn Ridgefield Corp acquired a new position in shares of UGI in the 3rd quarter valued at approximately $55,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UGI shares. Wells Fargo & Company increased their price target 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. Mizuho upgraded UGI from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group assumed coverage on UGI in a research report on Friday, November 22nd. They set a "buy" rating and a $28.00 price objective for the company. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $28.33.

UGI Price Performance

Shares of NYSE:UGI traded down $0.25 during trading on Friday, hitting $30.74. 2,868,619 shares of the company were exchanged, compared to its average volume of 1,643,801. UGI Co. has a 1-year low of $22.01 and a 1-year high of $31.05. The company has a market capitalization of $6.60 billion, a P/E ratio of 24.79 and a beta of 1.21. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The business's 50 day moving average is $28.94 and its 200-day moving average is $25.96.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.88%. UGI's payout ratio is presently 120.97%.

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.