Natixis Advisors L.P. cut its stake in UGI Co. (NYSE:UGI – Free Report) by 12.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,857 shares of the utilities provider’s stock after selling 6,920 shares during the quarter. Natixis Advisors L.P.’s holdings in UGI were worth $1,629,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of UGI by 5.0% in the third quarter. Vanguard Group Inc. now owns 24,130,520 shares of the utilities provider’s stock worth $780,140,000 after buying an additional 1,141,345 shares during the last quarter. State Street Corp boosted its holdings in shares of UGI by 3.8% in the first quarter. State Street Corp now owns 14,424,002 shares of the utilities provider’s stock worth $527,249,000 after buying an additional 522,707 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of UGI by 2.3% in the fourth quarter. First Eagle Investment Management LLC now owns 8,669,087 shares of the utilities provider’s stock worth $321,363,000 after buying an additional 197,906 shares during the last quarter. Moneta Group Investment Advisors LLC purchased a new position in shares of UGI in the fourth quarter worth approximately $203,745,000. Finally, LSV Asset Management boosted its holdings in shares of UGI by 3.3% in the fourth quarter. LSV Asset Management now owns 3,843,115 shares of the utilities provider’s stock worth $142,464,000 after buying an additional 123,715 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.
Wall Street Analyst Weigh In
UGI has been the topic of several analyst reports. Wells Fargo & Company raised shares of 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, August 28th. They noted that the move was a valuation call. TheStreet downgraded shares of UGI from a “c” rating to a “d+” rating in a report on Friday, August 11th. StockNews.com downgraded shares of UGI from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Mizuho lowered their price target on shares of UGI from $38.00 to $33.00 in a report on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $34.50.
UGI Trading Up 0.4 %
UGI stock opened at $25.27 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.78 and a debt-to-equity ratio of 1.56. UGI Co. has a 1 year low of $22.44 and a 1 year high of $43.19. The firm’s 50 day moving average price is $25.35 and its 200-day moving average price is $30.00.
UGI Announces Dividend
The business 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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend is Thursday, September 14th. UGI’s payout ratio is currently -22.52%.
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.
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