Amalgamated Bank Lowers Holdings in UGI Co. (NYSE:UGI)

Amalgamated Bank cut its holdings in UGI Co. (NYSE:UGIGet Rating) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,371 shares of the utilities provider’s stock after selling 4,346 shares during the period. Amalgamated Bank’s holdings in UGI were worth $5,265,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Tobam raised its holdings in shares of UGI by 989.9% during the 1st quarter. Tobam now owns 752 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 683 shares in the last quarter. PFG Private Wealth Management LLC purchased a new stake in shares of UGI during the 1st quarter worth approximately $79,000. MCF Advisors LLC purchased a new stake in shares of UGI during the 1st quarter worth approximately $81,000. Worth Asset Management LLC purchased a new stake in shares of UGI during the 1st quarter worth approximately $81,000. Finally, Van ECK Associates Corp raised its holdings in shares of UGI by 28.6% during the 1st quarter. Van ECK Associates Corp now owns 2,386 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 530 shares in the last quarter. 81.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upped their price objective on UGI from $41.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 8th.

UGI Stock Performance

NYSE UGI opened at $37.04 on Tuesday. The company has a market cap of $7.78 billion, a P/E ratio of 5.92, a P/E/G ratio of 1.61 and a beta of 0.99. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.46 and a current ratio of 1.70. The business’s 50 day moving average price is $40.44 and its 200-day moving average price is $38.88. UGI Co. has a fifty-two week low of $33.04 and a fifty-two week high of $47.04.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Wednesday, September 14th. UGI’s dividend payout ratio is currently 23.00%.

UGI Profile

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UGI Corporation 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 1.4 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,600 propane distribution location.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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