UGI Co. (NYSE:UGI) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of UGI Co. (NYSE:UGI) by 0.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,368,634 shares of the utilities provider’s stock after purchasing an additional 9,612 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in UGI were worth $47,574,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UGI. Moneta Group Investment Advisors LLC acquired a new stake in shares of UGI in the 4th quarter worth $203,745,000. Norges Bank acquired a new stake in shares of UGI in the 4th quarter worth $58,631,000. Vanguard Group Inc. increased its stake in shares of UGI by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,130,520 shares of the utilities provider’s stock worth $780,140,000 after acquiring an additional 1,141,345 shares during the last quarter. Invesco Ltd. increased its stake in shares of UGI by 87.1% in the 1st quarter. Invesco Ltd. now owns 1,775,061 shares of the utilities provider’s stock worth $64,292,000 after acquiring an additional 826,434 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of UGI by 1,907.3% in the 1st quarter. Renaissance Technologies LLC now owns 710,583 shares of the utilities provider’s stock worth $25,737,000 after acquiring an additional 675,183 shares during the last quarter. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

UGI Price Performance

UGI opened at $24.00 on Friday. The stock’s 50-day moving average price is $25.18 and its 200 day moving average price is $29.73. UGI Co. has a 12-month low of $22.44 and a 12-month high of $43.19. The company has a current ratio of 0.98, a quick ratio of 0.78 and a debt-to-equity ratio of 1.56. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of -3.60, a PEG ratio of 1.14 and a beta of 1.06.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend is Thursday, September 14th. UGI’s payout ratio is -22.52%.

Analysts Set New Price Targets

A number of analysts have issued reports on UGI shares. Wells Fargo & Company raised UGI from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $28.00 to $27.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Mizuho decreased their target price on shares of UGI from $38.00 to $33.00 in a research report on Wednesday, June 21st. StockNews.com cut shares of UGI from a “hold” rating to a “sell” rating in a research report on Monday. Finally, TheStreet cut shares of UGI from a “c” rating to a “d+” rating in a research report on Friday, August 11th. 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 company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.