Stifel Financial Corp Trims Holdings in UGI Co. (NYSE:UGI)

Stifel Financial Corp lessened its stake in UGI Co. (NYSE:UGI) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,461 shares of the utilities provider’s stock after selling 1,544 shares during the period. Stifel Financial Corp’s holdings in UGI were worth $687,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in UGI. Quantinno Capital Management LP increased its holdings in UGI by 12.9% in the third quarter. Quantinno Capital Management LP now owns 78,770 shares of the utilities provider’s stock valued at $1,971,000 after buying an additional 9,006 shares during the last quarter. Penn Mutual Asset Management acquired a new position in UGI during the 3rd quarter valued at about $213,000. Millburn Ridgefield Corp acquired a new position in shares of UGI during the third quarter worth approximately $55,000. IHT Wealth Management LLC acquired a new position in UGI during the 3rd quarter worth $242,000. Finally, Ingalls & Snyder LLC grew its position in UGI by 7.0% in the 3rd quarter. Ingalls & Snyder LLC now owns 15,284 shares of the utilities provider’s stock valued at $382,000 after buying an additional 1,000 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UGI shares. Wells Fargo & Company lifted their price target on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and increased their target price for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group started coverage on shares of UGI in a research report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

UGI Price Performance

NYSE UGI opened at $27.91 on Thursday. UGI Co. has a 1 year low of $21.67 and a 1 year high of $30.48. The stock’s 50-day moving average price is $26.23 and its two-hundred day moving average price is $24.71. The company has a market cap of $5.99 billion, a PE ratio of 22.51 and a beta of 1.21. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be given a $0.375 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.50 annualized dividend and a dividend yield of 5.37%. UGI’s dividend payout ratio (DPR) is presently 120.97%.

UGI Company Profile

UGI Corporation, together with 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.