Rhumbline Advisers Has $22.06 Million Position in UGI Co. (NYSE:UGI)

Rhumbline Advisers lowered its position in UGI Co. (NYSE:UGI) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 634,757 shares of the utilities provider’s stock after selling 1,727 shares during the period. Rhumbline Advisers owned 0.30% of UGI worth $22,064,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. abrdn plc increased its holdings in UGI by 6.0% in the fourth quarter. abrdn plc now owns 92,445 shares of the utilities provider’s stock worth $3,427,000 after buying an additional 5,266 shares during the last quarter. Toronto Dominion Bank increased its holdings in UGI by 35.2% in the fourth quarter. Toronto Dominion Bank now owns 61,193 shares of the utilities provider’s stock worth $2,267,000 after buying an additional 15,933 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in UGI by 13.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,192 shares of the utilities provider’s stock worth $3,492,000 after buying an additional 11,176 shares during the last quarter. CWM LLC increased its holdings in UGI by 2.3% in the first quarter. CWM LLC now owns 94,569 shares of the utilities provider’s stock worth $3,287,000 after buying an additional 2,087 shares during the last quarter. Finally, Strs Ohio grew its holdings in UGI by 33.3% during the first quarter. Strs Ohio now owns 67,612 shares of the utilities provider’s stock valued at $2,350,000 after purchasing an additional 16,898 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

UGI Price Performance

UGI opened at $23.33 on Wednesday. UGI Co. has a 1-year low of $22.44 and a 1-year high of $43.19. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.98 and a quick ratio of 0.78. The business has a 50 day moving average of $25.48 and a 200-day moving average of $30.32.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be given a $0.375 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.50 annualized dividend and a dividend yield of 6.43%. UGI’s dividend payout ratio is -22.52%.

Analyst Upgrades and Downgrades

UGI has been the topic of several analyst reports. Mizuho lowered their price target on UGI from $38.00 to $33.00 in a report on Wednesday, June 21st. TheStreet downgraded UGI from a “c” rating to a “d+” rating in a report on Friday, August 11th. Wells Fargo & Company upgraded UGI from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $28.00 to $27.00 in a report on Monday. They noted that the move was a valuation call. Finally, StockNews.com downgraded UGI from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.50.

UGI Company Profile

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.