Lazard Asset Management LLC Grows Stock Holdings in UGI Co. (NYSE:UGI)

Lazard Asset Management LLC raised its position in UGI Co. (NYSE:UGIGet Rating) by 93.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,203 shares of the utilities provider’s stock after acquiring an additional 3,471 shares during the quarter. Lazard Asset Management LLC’s holdings in UGI were worth $277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of UGI. Allworth Financial LP boosted its stake in shares of UGI by 598.5% during the 2nd quarter. Allworth Financial LP now owns 915 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 784 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in UGI by 83.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,050 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 477 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in UGI by 2,519.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,362 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 1,310 shares in the last quarter. Tobam boosted its stake in UGI by 107.2% during the second quarter. Tobam now owns 1,558 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 806 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in UGI by 25.5% during the second quarter. First Horizon Advisors Inc. now owns 1,712 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 81.58% of the company’s stock.

Insider Buying and Selling at UGI

In other UGI news, VP Monica M. Gaudiosi sold 75,000 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $35.31, for a total transaction of $2,648,250.00. Following the completion of the transaction, the vice president now owns 61,109 shares in the company, valued at $2,157,758.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Roger Perreault sold 16,341 shares of the stock in a transaction on Friday, October 28th. The shares were sold at an average price of $35.01, for a total value of $572,098.41. Following the sale, the chief executive officer now owns 37,560 shares of the company’s stock, valued at $1,314,975.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Monica M. Gaudiosi sold 75,000 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $35.31, for a total transaction of $2,648,250.00. Following the completion of the sale, the vice president now directly owns 61,109 shares in the company, valued at approximately $2,157,758.79. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UGI. Wells Fargo & Company dropped their target price on shares of UGI from $42.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 19th. Barclays dropped their target price on shares of UGI from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 19th. TheStreet downgraded shares of UGI from a “b-” rating to a “c+” rating in a research note on Monday, October 24th. Finally, StockNews.com started coverage on shares of UGI in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.67.

UGI Stock Up 5.4 %

Shares of UGI stock opened at $38.61 on Friday. UGI Co. has a 12 month low of $31.19 and a 12 month high of $47.04. The stock has a market cap of $8.11 billion, a P/E ratio of 7.78, a P/E/G ratio of 1.39 and a beta of 1.05. The company has a current ratio of 1.70, a quick ratio of 1.46 and a debt-to-equity ratio of 1.10. The company has a 50 day simple moving average of $34.80 and a two-hundred day simple moving average of $38.46.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Thursday, December 15th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, December 14th. This represents a $1.44 annualized dividend and a yield of 3.73%. UGI’s dividend payout ratio (DPR) is currently 29.03%.

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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