UGI Co. (NYSE:UGI) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in UGI Co. (NYSE:UGI - Free Report) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,471,142 shares of the utilities provider's stock after acquiring an additional 121,039 shares during the quarter. Victory Capital Management Inc. owned 0.69% of UGI worth $36,808,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. lifted its stake in UGI by 99.7% during the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider's stock worth $27,000 after purchasing an additional 598 shares in the last quarter. Concord Wealth Partners raised its holdings in shares of 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. Hantz Financial Services Inc. acquired a new position in UGI during the 2nd quarter worth about $32,000. Duncker Streett & Co. Inc. purchased a new position in UGI during the 2nd quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in UGI in the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

Analyst Ratings Changes

UGI has been the subject of several recent research reports. Wells Fargo & Company raised their price objective 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. StockNews.com cut shares of UGI from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Finally, Mizuho raised UGI from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $27.00 to $30.00 in a research report on Friday.

UGI Stock Up 3.8 %

Shares of UGI stock traded up $0.88 during trading hours on Friday, reaching $24.12. 2,948,883 shares of the stock were exchanged, compared to its average volume of 1,677,275. The business's fifty day moving average is $24.25 and its two-hundred day moving average is $24.07. The firm has a market capitalization of $5.18 billion, a P/E ratio of 7.73 and a beta of 1.13. UGI Co. has a 12-month low of $21.47 and a 12-month high of $26.15. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71.

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.