Ontario Teachers Pension Plan Board Has $3.47 Million Stake in UGI Co. (NYSE:UGI)

Ontario Teachers Pension Plan Board reduced its holdings in UGI Co. (NYSE:UGI) by 25.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,542 shares of the utilities provider’s stock after selling 46,638 shares during the quarter. Ontario Teachers Pension Plan Board owned approximately 0.06% of UGI worth $3,466,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Easterly Investment Partners LLC lifted its position in shares of UGI by 0.8% during the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock worth $1,482,000 after purchasing an additional 450 shares in the last quarter. GAMMA Investing LLC boosted its position in UGI by 24.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock valued at $60,000 after buying an additional 512 shares during the last quarter. Signaturefd LLC increased its stake in shares of UGI by 7.2% in the 3rd quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock valued at $197,000 after buying an additional 531 shares during the period. Fulton Bank N.A. raised its position in shares of UGI by 3.9% during the second quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock worth $343,000 after acquiring an additional 558 shares during the last quarter. Finally, V2 Financial group LLC lifted its stake in shares of UGI by 4.2% during the third quarter. V2 Financial group LLC now owns 13,966 shares of the utilities provider’s stock valued at $349,000 after acquiring an additional 567 shares during the period. 82.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

UGI Stock Performance

Shares of NYSE:UGI opened at $24.36 on Wednesday. The company’s 50 day moving average price is $24.27 and its two-hundred day moving average price is $24.06. The firm has a market cap of $5.23 billion, a PE ratio of 7.81 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. UGI Co. has a 12-month low of $21.51 and a 12-month high of $26.15.

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.