Xponance Inc. increased its holdings in UGI Co. (NYSE:UGI – Free Report) by 2.2% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 28,937 shares of the utilities provider’s stock after buying an additional 625 shares during the quarter. Xponance Inc.’s holdings in UGI were worth $780,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in UGI. US Bancorp DE grew its stake in shares of UGI by 35.2% during the 1st quarter. US Bancorp DE now owns 16,028 shares of the utilities provider’s stock valued at $580,000 after purchasing an additional 4,176 shares during the period. Cetera Advisor Networks LLC grew its stake in shares of UGI by 13.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 13,366 shares of the utilities provider’s stock valued at $484,000 after acquiring an additional 1,618 shares during the period. Bank of Montreal Can grew its stake in shares of UGI by 7.9% during the 1st quarter. Bank of Montreal Can now owns 74,002 shares of the utilities provider’s stock valued at $2,704,000 after acquiring an additional 5,396 shares during the period. Panagora Asset Management Inc. grew its stake in shares of UGI by 23.0% during the 1st quarter. Panagora Asset Management Inc. now owns 38,633 shares of the utilities provider’s stock valued at $1,399,000 after acquiring an additional 7,225 shares during the period. Finally, Great West Life Assurance Co. Can grew its stake in shares of UGI by 7.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 173,055 shares of the utilities provider’s stock valued at $6,489,000 after acquiring an additional 11,826 shares during the period. 81.53% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently issued reports on UGI shares. Mizuho cut their price objective on UGI from $33.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, September 11th. StockNews.com downgraded UGI from a “hold” rating to a “sell” rating in a research note on Monday, September 4th. Wells Fargo & Company raised UGI from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $28.00 to $27.00 in a report on Monday, August 28th. They noted that the move was a valuation call. Finally, TheStreet cut UGI from a “c” rating to a “d+” rating in a report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, UGI has a consensus rating of “Hold” and a consensus price target of $33.50.
UGI Stock Down 1.8 %
NYSE UGI opened at $22.99 on Friday. The stock has a market cap of $4.82 billion, a PE ratio of -3.50, a P/E/G ratio of 1.07 and a beta of 1.06. UGI Co. has a 12 month low of $22.44 and a 12 month high of $43.19. The stock’s 50 day moving average is $24.43 and its 200 day moving average is $28.35. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.50 annualized dividend and a dividend yield of 6.52%. UGI’s dividend payout ratio (DPR) is -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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