Pictet Asset Management SA grew its stake in shares of UGI Co. (NYSE:UGI – Free Report) by 113.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 185,705 shares of the utilities provider’s stock after acquiring an additional 98,561 shares during the period. Pictet Asset Management SA owned about 0.09% of UGI worth $6,455,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Moors & Cabot Inc. lifted its position in shares of UGI by 3.7% during the 4th quarter. Moors & Cabot Inc. now owns 7,087 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 250 shares during the last quarter. Allstate Corp lifted its position in shares of UGI by 1.9% during the 1st quarter. Allstate Corp now owns 16,470 shares of the utilities provider’s stock valued at $597,000 after acquiring an additional 313 shares during the last quarter. Centennial Wealth Advisory LLC lifted its position in shares of UGI by 3.3% during the 1st quarter. Centennial Wealth Advisory LLC now owns 9,901 shares of the utilities provider’s stock valued at $344,000 after acquiring an additional 320 shares during the last quarter. Eaton Vance Management lifted its holdings in shares of UGI by 0.4% in the first quarter. Eaton Vance Management now owns 82,676 shares of the utilities provider’s stock valued at $2,995,000 after purchasing an additional 344 shares in the last quarter. Finally, Lindenwold Advisors INC lifted its holdings in shares of UGI by 4.0% in the fourth quarter. Lindenwold Advisors INC now owns 9,117 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 347 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.
UGI Stock Up 0.1 %
Shares of NYSE:UGI opened at $22.86 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.78 and a debt-to-equity ratio of 1.56. UGI Co. has a 1 year low of $22.62 and a 1 year high of $43.19. The business has a fifty day simple moving average of $25.87 and a 200 day simple moving average of $30.85.
UGI Dividend Announcement
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Mizuho reduced their target price on UGI from $38.00 to $33.00 in a report on Wednesday, June 21st. StockNews.com assumed coverage on UGI in a report on Thursday, August 17th. They issued a “hold” rating for the company. TheStreet lowered UGI from a “c” rating to a “d+” rating in a report on Friday, August 11th. Finally, Wells Fargo & Company reduced their target price on UGI from $35.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.75.
Read Our Latest Research Report on UGI
About UGI
UGI Corporation, through 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.
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