117,029 Shares in UGI Co. (NYSE:UGI) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in UGI Co. (NYSE:UGI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 117,029 shares of the utilities provider's stock, valued at approximately $2,928,000. Y Intercept Hong Kong Ltd owned about 0.05% of UGI at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Citigroup Inc. lifted its stake in shares of UGI by 33.0% during the 3rd quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider's stock worth $5,087,000 after acquiring an additional 50,485 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in UGI by 2,402.0% during the 3rd quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider's stock valued at $652,000 after buying an additional 25,005 shares in the last quarter. FMR LLC boosted its position in UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider's stock valued at $235,660,000 after buying an additional 2,786,878 shares during the period. Wedge Capital Management L L P NC grew its stake in UGI by 12.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 578,469 shares of the utilities provider's stock worth $13,247,000 after acquiring an additional 64,755 shares in the last quarter. Finally, Commerce Bank purchased a new position in shares of UGI during the third quarter worth approximately $645,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Stock Up 0.8 %

Shares of UGI traded up $0.22 during trading hours on Tuesday, hitting $28.55. The company had a trading volume of 2,421,486 shares, compared to its average volume of 2,230,577. UGI Co. has a one year low of $21.51 and a one year high of $30.48. The company's fifty day moving average price is $25.44 and its two-hundred day moving average price is $24.43. The company has a market capitalization of $6.13 billion, a PE ratio of 23.02 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.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UGI shares. Wells Fargo & Company increased their price objective on UGI from $26.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Jefferies Financial Group initiated coverage on UGI in a research note on Friday, November 22nd. They set a "buy" rating and a $28.00 price target on the stock. Finally, Mizuho raised shares of 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 note on Friday, November 15th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $28.33.

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.