UGI Co. (NYSE:UGI) Stake Decreased by Mutual Advisors LLC

Mutual Advisors LLC trimmed its holdings in UGI Co. (NYSE:UGI) by 59.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,291 shares of the utilities provider’s stock after selling 10,536 shares during the quarter. Mutual Advisors LLC’s holdings in UGI were worth $219,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Citigroup Inc. grew its stake in shares of UGI by 33.0% in the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock worth $5,087,000 after purchasing an additional 50,485 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of UGI by 2,402.0% during the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock valued at $652,000 after purchasing an additional 25,005 shares during the last quarter. FMR LLC lifted its holdings in shares of UGI by 42.0% in the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after purchasing an additional 2,786,878 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of UGI by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after purchasing an additional 318,655 shares during the period. Finally, Commerce Bank purchased a new stake in shares of UGI during the third quarter worth $645,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

UGI Stock Performance

Shares of NYSE:UGI opened at $30.42 on Wednesday. The firm’s 50 day simple moving average is $28.54 and its 200 day simple moving average is $25.79. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 24.53 and a beta of 1.21. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $30.93. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.93%. UGI’s dividend payout ratio is presently 120.97%.

About UGI

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.