UGI Co. (NYSE:UGI) Shares Purchased by Fmr LLC

Fmr LLC boosted its holdings in shares of UGI Co. (NYSE:UGI) by 42.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,418,865 shares of the utilities provider’s stock after acquiring an additional 2,786,878 shares during the period. Fmr LLC owned about 4.39% of UGI worth $235,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UGI. Jupiter Asset Management Ltd. purchased a new position in shares of UGI during the 2nd quarter worth approximately $53,371,000. ProShare Advisors LLC grew its holdings in UGI by 84.9% during the 2nd quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock valued at $55,991,000 after buying an additional 1,122,766 shares during the last quarter. AQR Capital Management LLC increased its position in UGI by 112.7% during the second quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider’s stock worth $46,383,000 after buying an additional 1,073,013 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of UGI by 47.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after acquiring an additional 808,113 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of UGI by 28.7% in the second quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock valued at $81,014,000 after acquiring an additional 788,457 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UGI shares. Jefferies Financial Group started coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 target price for the company. Wells Fargo & Company boosted their price objective on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

UGI Trading Up 1.1 %

Shares of UGI stock opened at $30.37 on Monday. UGI Co. has a 1-year low of $21.51 and a 1-year high of $30.48. The firm’s 50-day simple moving average is $24.99 and its 200-day simple moving average is $24.27. The firm has a market cap of $6.52 billion, a P/E ratio of 24.49 and a beta of 1.13. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.71.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be issued a $0.375 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.94%. UGI’s dividend payout ratio (DPR) is presently 120.97%.

About UGI

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.