Everence Capital Management Inc. Takes $593,000 Position in UGI Co. (NYSE:UGI)

Everence Capital Management Inc. purchased a new position in UGI Co. (NYSE:UGI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 21,010 shares of the utilities provider’s stock, valued at approximately $593,000.

A number of other hedge funds also recently bought and sold shares of UGI. GAMMA Investing LLC lifted its stake in shares of UGI by 23.8% in the fourth quarter. GAMMA Investing LLC now owns 7,825 shares of the utilities provider’s stock worth $221,000 after buying an additional 1,505 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of UGI by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock valued at $30,718,000 after acquiring an additional 318,655 shares in the last quarter. Retirement Systems of Alabama raised its holdings in UGI by 0.4% in the 3rd quarter. Retirement Systems of Alabama now owns 495,196 shares of the utilities provider’s stock worth $12,390,000 after acquiring an additional 2,071 shares during the last quarter. Franklin Resources Inc. lifted its position in UGI by 10.8% in the 3rd quarter. Franklin Resources Inc. now owns 630,604 shares of the utilities provider’s stock valued at $15,614,000 after acquiring an additional 61,265 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in UGI during the 3rd quarter valued at $278,000. Institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UGI. Jefferies Financial Group initiated coverage on UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 price target on the stock. Wells Fargo & Company upped their target price on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. 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, UGI currently has an average rating of “Moderate Buy” and an average target price of $28.33.

UGI Stock Up 1.2 %

UGI stock opened at $28.63 on Friday. The business’s 50-day moving average is $26.75 and its two-hundred day moving average is $24.98. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 23.09 and a beta of 1.21. UGI Co. has a fifty-two week low of $21.67 and a fifty-two 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.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.50 annualized dividend and a yield of 5.24%. UGI’s dividend payout ratio (DPR) is 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.