UGI Co. (NYSE:UGI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in UGI Co. (NYSE:UGI – Get Rating) by 54.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,813 shares of the utilities provider’s stock after selling 183,012 shares during the period. Allspring Global Investments Holdings LLC owned about 0.07% of UGI worth $4,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in UGI. Allworth Financial LP lifted its position in UGI by 598.5% in the second quarter. Allworth Financial LP now owns 915 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 784 shares during the period. Newbridge Financial Services Group Inc. lifted its position in UGI by 83.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,050 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 477 shares during the period. Private Trust Co. NA acquired a new stake in UGI in the second quarter valued at about $44,000. Concourse Financial Group Securities Inc. lifted its position in UGI by 46.7% in the second quarter. Concourse Financial Group Securities Inc. now owns 1,276 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 406 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of UGI by 2,519.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,362 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 1,310 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

UGI Stock Down 1.8 %

UGI stock opened at $40.72 on Tuesday. The stock has a market capitalization of $8.54 billion, a P/E ratio of 8.21, a PEG ratio of 1.71 and a beta of 1.05. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.28 and a current ratio of 1.56. UGI Co. has a one year low of $31.19 and a one year high of $47.04. The company has a 50 day moving average price of $38.30 and a two-hundred day moving average price of $37.97.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, January 1st. Shareholders of record on Thursday, December 15th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $1.44 annualized dividend and a yield of 3.54%. UGI’s payout ratio is currently 29.03%.

Insiders Place Their Bets

In other news, VP Monica M. Gaudiosi sold 75,000 shares of the business’s 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 of the company’s stock, valued at approximately $2,157,758.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Monica M. Gaudiosi sold 75,000 shares of the business’s 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 of the company’s stock, valued at approximately $2,157,758.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Roger Perreault sold 16,341 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $35.01, for a total transaction of $572,098.41. Following the sale, the chief executive officer now directly owns 37,560 shares of the company’s stock, valued at $1,314,975.60. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UGI has been the subject of a number of research reports. TheStreet upgraded shares of UGI from a “c+” rating to a “b-” rating in a research report on Thursday, December 22nd. Bank of America downgraded shares of UGI from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $43.00 to $41.00 in a research report on Wednesday, November 23rd. StockNews.com initiated coverage on UGI in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Wells Fargo & Company lifted their price objective on UGI from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 10th. Finally, Barclays cut their price objective on UGI from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 19th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.67.

About UGI

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UGI Corporation, through 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.