Profund Advisors LLC lessened its stake in UGI Co. (NYSE:UGI – Free Report) by 54.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,523 shares of the utilities provider’s stock after selling 8,869 shares during the quarter. Profund Advisors LLC’s holdings in UGI were worth $261,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Stonebridge Capital Advisors LLC lifted its holdings in shares of UGI by 165.4% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock worth $26,000 after buying an additional 430 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of UGI in the first quarter worth $25,000. BerganKDV Wealth Management LLC lifted its holdings in shares of UGI by 189.8% in the first quarter. BerganKDV Wealth Management LLC now owns 742 shares of the utilities provider’s stock worth $26,000 after buying an additional 486 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in UGI during the fourth quarter valued at $28,000. Finally, ICA Group Wealth Management LLC purchased a new stake in UGI during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on UGI shares. StockNews.com downgraded shares of UGI from a “hold” rating to a “sell” rating in a research note on Monday. TheStreet downgraded shares of UGI from a “c” rating to a “d+” rating in a research note on Friday, August 11th. Mizuho decreased their price target on shares of UGI from $38.00 to $33.00 in a research note on Wednesday, June 21st. Finally, Wells Fargo & Company raised shares of UGI from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $28.00 to $27.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.50.
UGI Trading Down 4.0 %
Shares of UGI opened at $24.00 on Friday. UGI Co. has a twelve month low of $22.44 and a twelve month high of $43.19. The company has a market cap of $5.03 billion, a P/E ratio of -3.60, a P/E/G ratio of 1.14 and a beta of 1.06. The company has a current ratio of 0.98, a quick ratio of 0.78 and a debt-to-equity ratio of 1.56. The company’s fifty day simple moving average is $25.18 and its 200-day simple moving average is $29.73.
UGI Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.25%. The ex-dividend date is Thursday, September 14th. UGI’s dividend payout ratio is currently -22.52%.
UGI Profile
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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