Vestcor Inc Sells 42,209 Shares of UGI Co. (NYSE:UGI)

Vestcor Inc decreased its position in UGI Co. (NYSE:UGI - Free Report) by 74.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 14,728 shares of the utilities provider's stock after selling 42,209 shares during the period. Vestcor Inc's holdings in UGI were worth $368,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. increased its holdings in shares of UGI by 99.7% in the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 598 shares during the period. Hantz Financial Services Inc. purchased a new position in UGI during the second quarter valued at approximately $32,000. Concord Wealth Partners increased its stake in UGI by 100.0% in the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider's stock valued at $32,000 after buying an additional 637 shares during the period. Duncker Streett & Co. Inc. purchased a new stake in UGI in the 2nd quarter worth approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of UGI during the 2nd quarter valued at $40,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Stock Down 0.8 %

Shares of UGI stock traded down $0.24 on Friday, hitting $28.55. The company's stock had a trading volume of 2,079,232 shares, compared to its average volume of 3,496,863. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 23.02 and a beta of 1.21. UGI Co. has a fifty-two week low of $21.67 and a fifty-two week high of $30.48. The firm's fifty day moving average price is $25.78 and its 200-day moving average price is $24.56. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.375 per share. The ex-dividend date is Monday, December 16th. This represents a $1.50 annualized dividend and a dividend yield of 5.25%. UGI's dividend payout ratio (DPR) is presently 120.97%.

Analysts Set New Price Targets

UGI has been the topic of a number of research reports. 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. Jefferies Financial Group began coverage on UGI in a research report on Friday, November 22nd. They issued a "buy" rating and a $28.00 target price on the stock. Finally, Wells Fargo & Company lifted 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. Two 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, the company has a consensus rating of "Moderate Buy" and an average target price 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.