Tidal Investments LLC Sells 29,528 Shares of UGI Co. (NYSE:UGI)

Tidal Investments LLC lowered its stake in shares of UGI Co. (NYSE:UGI) by 73.3% during the third quarter, HoldingsChannel reports. The fund owned 10,729 shares of the utilities provider’s stock after selling 29,528 shares during the quarter. Tidal Investments LLC’s holdings in UGI were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of UGI. Wilmington Savings Fund Society FSB bought a new position in shares of UGI during the 3rd quarter worth about $278,000. Sanctuary Advisors LLC increased its stake in UGI by 88.2% during the third quarter. Sanctuary Advisors LLC now owns 21,876 shares of the utilities provider’s stock valued at $547,000 after acquiring an additional 10,251 shares during the period. Geode Capital Management LLC lifted its position in shares of UGI by 33.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock worth $127,246,000 after acquiring an additional 1,202,938 shares during the period. M&T Bank Corp grew its position in UGI by 0.8% in the third quarter. M&T Bank Corp now owns 186,294 shares of the utilities provider’s stock valued at $4,661,000 after acquiring an additional 1,387 shares during the period. Finally, Barclays PLC raised its stake in UGI by 7.8% during the third quarter. Barclays PLC now owns 313,810 shares of the utilities provider’s stock worth $7,852,000 after acquiring an additional 22,752 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

UGI Trading Up 1.3 %

UGI opened at $27.91 on Wednesday. UGI Co. has a 1-year low of $21.67 and a 1-year high of $30.48. The stock has a market capitalization of $5.99 billion, a PE ratio of 22.51 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. The firm has a 50-day moving average price of $26.18 and a two-hundred day moving average price of $24.68.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 5.37%. The ex-dividend date is Monday, December 16th. UGI’s dividend payout ratio (DPR) is presently 120.97%.

UGI 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.