Zurcher Kantonalbank Zurich Cantonalbank Sells 1,669 Shares of UGI Co. (NYSE:UGI)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in UGI Co. (NYSE:UGI) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,782 shares of the utilities provider’s stock after selling 1,669 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in UGI were worth $1,170,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in UGI by 24.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 512 shares during the period. Csenge Advisory Group lifted its position in shares of UGI by 15.6% during the 2nd quarter. Csenge Advisory Group now owns 20,736 shares of the utilities provider’s stock worth $475,000 after purchasing an additional 2,793 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in UGI during the 2nd quarter valued at approximately $2,088,000. Occidental Asset Management LLC increased its stake in UGI by 6.8% in the 2nd quarter. Occidental Asset Management LLC now owns 67,304 shares of the utilities provider’s stock valued at $1,541,000 after buying an additional 4,305 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in UGI by 4.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,772 shares of the utilities provider’s stock worth $544,000 after buying an additional 928 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Stock Down 3.0 %

Shares of UGI stock opened at $28.03 on Friday. UGI Co. has a 52-week low of $21.51 and a 52-week high of $30.48. 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 stock has a market cap of $6.02 billion, a price-to-earnings ratio of 22.60 and a beta of 1.21. The firm’s 50-day moving average is $25.31 and its 200-day moving average is $24.39.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders 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 dividend yield of 5.35%. UGI’s payout ratio is 120.97%.

Wall Street Analysts Forecast Growth

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

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.