Advisors Asset Management Inc. Increases Stake in UGI Co. (NYSE:UGI)

Advisors Asset Management Inc. raised its holdings in UGI Co. (NYSE:UGI) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,701 shares of the utilities provider’s stock after purchasing an additional 30,003 shares during the period. Advisors Asset Management Inc. owned 0.22% of UGI worth $11,752,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of UGI. Whittier Trust Co. raised its holdings in UGI by 99.7% during the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 598 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of UGI during the 2nd quarter valued at $32,000. Concord Wealth Partners lifted its holdings in UGI by 100.0% during the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 637 shares in the last quarter. Duncker Streett & Co. Inc. bought a new position in UGI in the 2nd quarter worth about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in UGI during the 2nd quarter valued at about $40,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $27.00 to $30.00 in a report on Friday, November 15th. StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company boosted their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th.

UGI Stock Down 0.3 %

Shares of NYSE UGI opened at $24.36 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The business has a 50-day moving average of $24.27 and a 200-day moving average of $24.06. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 7.81 and a beta of 1.13. UGI Co. has a 12 month low of $21.51 and a 12 month high of $26.15.

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.