UGI Co. (NYSE:UGI) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors boosted its position in UGI Co. (NYSE:UGI) by 13.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,947 shares of the utilities provider’s stock after purchasing an additional 1,414 shares during the period. Captrust Financial Advisors’ holdings in UGI were worth $299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwest & Ethical Investments L.P. boosted its stake in UGI by 20.0% during the third quarter. Northwest & Ethical Investments L.P. now owns 215,809 shares of the utilities provider’s stock valued at $5,400,000 after buying an additional 36,037 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of UGI by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 566,794 shares of the utilities provider’s stock valued at $14,181,000 after purchasing an additional 10,105 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of UGI by 0.4% in the 3rd quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock worth $2,774,000 after purchasing an additional 489 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in shares of UGI by 2.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 22,034 shares of the utilities provider’s stock worth $551,000 after purchasing an additional 541 shares in the last quarter. Finally, Bridgewater Associates LP lifted its stake in UGI by 95.1% during the third quarter. Bridgewater Associates LP now owns 28,934 shares of the utilities provider’s stock valued at $724,000 after purchasing an additional 14,105 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UGI has been the topic of several research reports. Jefferies Financial Group started coverage on UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Wells Fargo & Company upped their target price on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Mizuho raised 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

UGI Stock Performance

Shares of UGI stock opened at $28.55 on Friday. The stock’s fifty day simple moving average is $25.78 and its 200-day simple moving average is $24.56. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 23.02 and a beta of 1.21. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48. UGI Co. has a 1-year low of $21.67 and a 1-year high of $30.48.

UGI Announces Dividend

The business also recently declared 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date is Monday, December 16th. 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.