UGI Co. (NYSE:UGI) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its holdings in UGI Co. (NYSE:UGI - Free Report) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 442,168 shares of the utilities provider's stock after selling 113,763 shares during the period. Wedge Capital Management L L P NC owned about 0.21% of UGI worth $12,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Easterly Investment Partners LLC lifted its holdings in UGI by 0.8% during the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider's stock valued at $1,482,000 after buying an additional 450 shares in the last quarter. Wright Investors Service Inc. increased its holdings in UGI by 1.3% during the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider's stock worth $1,050,000 after purchasing an additional 484 shares during the period. MetLife Investment Management LLC raised its holdings in shares of UGI by 0.4% in the third quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider's stock valued at $2,774,000 after acquiring an additional 489 shares in the last quarter. Signaturefd LLC raised its holdings in shares of UGI by 7.2% in the 3rd quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider's stock valued at $197,000 after purchasing an additional 531 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its stake in UGI by 2.5% in the third quarter. Glenmede Trust Co. NA now owns 22,034 shares of the utilities provider's stock worth $551,000 after buying an additional 541 shares in the last quarter. Institutional investors own 82.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UGI. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of UGI in a report on Friday, November 22nd. They issued a "buy" rating and a $28.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective 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. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $28.33.

UGI Stock Up 0.4 %

Shares of UGI stock traded up $0.13 during trading hours on Friday, reaching $30.11. 1,144,919 shares of the company's stock were exchanged, compared to its average volume of 1,637,816. The stock has a market cap of $6.46 billion, a PE ratio of 24.28 and a beta of 1.21. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48. The stock's fifty day moving average price is $27.75 and its two-hundred day moving average price is $25.44. UGI Co. has a 1 year low of $21.67 and a 1 year high of $30.48.

UGI Dividend Announcement

The business also recently declared 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 dividend yield of 4.98%. UGI's dividend payout ratio is currently 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.