Connable Office Inc. Buys New Position in UGI Co. (NYSE:UGI)

Connable Office Inc. bought a new stake in shares of UGI Co. (NYSE:UGI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,041 shares of the utilities provider’s stock, valued at approximately $251,000.

Several other large investors have also added to or reduced their stakes in the company. Easterly Investment Partners LLC grew its stake in UGI by 0.8% during the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock valued at $1,482,000 after purchasing an additional 450 shares during the last quarter. GAMMA Investing LLC grew its stake in UGI by 24.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 512 shares during the last quarter. Signaturefd LLC grew its stake in UGI by 7.2% during the 3rd quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock valued at $197,000 after purchasing an additional 531 shares during the last quarter. Fulton Bank N.A. grew its stake in UGI by 3.9% during the 2nd quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock valued at $343,000 after purchasing an additional 558 shares during the last quarter. Finally, V2 Financial group LLC grew its stake in UGI by 4.2% during the 3rd quarter. V2 Financial group LLC now owns 13,966 shares of the utilities provider’s stock valued at $349,000 after purchasing an additional 567 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on UGI shares. Wells Fargo & Company boosted their price target on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $27.00 to $30.00 in a research note on Friday.

UGI Stock Up 3.8 %

Shares of UGI opened at $24.12 on Friday. UGI Co. has a 52 week low of $21.47 and a 52 week high of $26.15. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 7.71 and a beta of 1.13. The stock’s 50-day moving average price is $24.25 and its 200-day moving average price is $24.10.

UGI 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.