State Board of Administration of Florida Retirement System Has $7.58 Million Holdings in UGI Co. (NYSE:UGI)

State Board of Administration of Florida Retirement System lessened its holdings in shares of UGI Co. (NYSE:UGI) by 0.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 217,949 shares of the utilities provider’s stock after selling 912 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.10% of UGI worth $7,576,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Allstate Corp lifted its position in shares of UGI by 1.9% during the 1st quarter. Allstate Corp now owns 16,470 shares of the utilities provider’s stock worth $597,000 after purchasing an additional 313 shares during the last quarter. Centennial Wealth Advisory LLC grew its position in UGI by 3.3% during the 1st quarter. Centennial Wealth Advisory LLC now owns 9,901 shares of the utilities provider’s stock worth $344,000 after acquiring an additional 320 shares during the last quarter. Eaton Vance Management grew its position in UGI by 0.4% during the 1st quarter. Eaton Vance Management now owns 82,676 shares of the utilities provider’s stock worth $2,995,000 after acquiring an additional 344 shares during the last quarter. Lindenwold Advisors INC boosted its position in UGI by 4.0% in the 4th quarter. Lindenwold Advisors INC now owns 9,117 shares of the utilities provider’s stock valued at $338,000 after buying an additional 347 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in UGI by 75.5% in the 1st quarter. Fifth Third Bancorp now owns 872 shares of the utilities provider’s stock valued at $30,000 after buying an additional 375 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

UGI Price Performance

Shares of NYSE UGI opened at $24.43 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 has a market capitalization of $5.12 billion, a P/E ratio of -3.67, a P/E/G ratio of 1.10 and a beta of 1.06. The firm’s 50-day moving average price is $24.85 and its 200-day moving average price is $29.03.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.50 annualized dividend and a dividend yield of 6.14%. UGI’s dividend payout ratio is currently -22.52%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UGI. StockNews.com cut UGI from a “hold” rating to a “sell” rating in a report on Monday, September 4th. TheStreet downgraded shares of UGI from a “c” rating to a “d+” rating in a research report on Friday, August 11th. Mizuho dropped their price target on shares of UGI from $33.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, September 11th. Finally, Wells Fargo & Company upgraded shares of UGI from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $28.00 to $27.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $33.50.

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.