Bank of Montreal Can Grows Stock Position in UGI Co. (NYSE:UGI)

Bank of Montreal Can increased its position in shares of UGI Co. (NYSE:UGI) by 199.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,275 shares of the utilities provider’s stock after purchasing an additional 73,485 shares during the quarter. Bank of Montreal Can owned approximately 0.05% of UGI worth $2,749,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of UGI by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 118,947 shares of the utilities provider’s stock worth $2,919,000 after purchasing an additional 6,407 shares during the period. Comerica Bank boosted its stake in UGI by 2.1% during the first quarter. Comerica Bank now owns 131,165 shares of the utilities provider’s stock worth $3,219,000 after buying an additional 2,714 shares during the period. GAMMA Investing LLC raised its stake in shares of UGI by 24.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 512 shares during the period. Csenge Advisory Group lifted its holdings in shares of UGI by 15.6% in the 2nd quarter. Csenge Advisory Group now owns 20,736 shares of the utilities provider’s stock worth $475,000 after acquiring an additional 2,793 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in shares of UGI during the 2nd quarter worth approximately $2,088,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UGI has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target for the company. Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Finally, Wells Fargo & Company lifted their price objective on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.33.

UGI Stock Down 0.8 %

Shares of NYSE UGI opened at $28.91 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.60 and a current ratio of 0.80. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 23.31 and a beta of 1.21. UGI Co. has a 1 year low of $21.51 and a 1 year high of $30.48. The stock’s 50-day simple moving average is $25.25 and its 200-day simple moving average is $24.36.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a yield of 5.19%. UGI’s dividend payout ratio (DPR) is 120.97%.

UGI Company 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.