Raymond James & Associates Decreases Position in UGI Co. (NYSE:UGI)

Raymond James & Associates reduced its position in shares of UGI Co. (NYSE:UGI – Get Rating) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,778 shares of the utilities provider’s stock after selling 4,359 shares during the period. Raymond James & Associates’ holdings in UGI were worth $2,515,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UGI. State Street Corp lifted its position in shares of UGI by 27.4% during the 2nd quarter. State Street Corp now owns 18,374,883 shares of the utilities provider’s stock worth $715,888,000 after purchasing an additional 3,950,881 shares during the last quarter. Invesco Ltd. raised its stake in UGI by 87.1% during the 1st quarter. Invesco Ltd. now owns 1,775,061 shares of the utilities provider’s stock worth $64,292,000 after acquiring an additional 826,434 shares in the last quarter. Renaissance Technologies LLC raised its stake in UGI by 1,907.3% during the 1st quarter. Renaissance Technologies LLC now owns 710,583 shares of the utilities provider’s stock worth $25,737,000 after acquiring an additional 675,183 shares in the last quarter. First Trust Advisors LP raised its stake in UGI by 24.9% during the 1st quarter. First Trust Advisors LP now owns 2,293,270 shares of the utilities provider’s stock worth $83,063,000 after acquiring an additional 456,937 shares in the last quarter. Finally, FMR LLC raised its stake in UGI by 706.2% during the 2nd quarter. FMR LLC now owns 499,456 shares of the utilities provider’s stock worth $19,284,000 after acquiring an additional 437,502 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Monica M. Gaudiosi sold 75,000 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $35.31, for a total transaction of $2,648,250.00. Following the sale, the vice president now owns 61,109 shares of the company’s stock, valued at $2,157,758.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other UGI news, CEO Roger Perreault sold 16,341 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $35.01, for a total value of $572,098.41. Following the sale, the chief executive officer now owns 37,560 shares of the company’s stock, valued at $1,314,975.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Monica M. Gaudiosi sold 75,000 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $35.31, for a total transaction of $2,648,250.00. Following the completion of the sale, the vice president now directly owns 61,109 shares in the company, valued at approximately $2,157,758.79. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

UGI has been the topic of several research analyst reports. Bank of America lowered shares of UGI from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $43.00 to $41.00 in a research note on Wednesday, November 23rd. TheStreet upgraded shares of UGI from a “c+” rating to a “b-” rating in a research note on Thursday, December 22nd. Barclays lowered shares of UGI from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $36.00 to $39.00 in a research note on Wednesday. They noted that the move was a valuation call. StockNews.com began coverage on shares of UGI in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company lifted their target price on shares of UGI from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, January 10th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.67.

UGI Stock Up 1.3 %

Shares of NYSE:UGI opened at $39.41 on Friday. The company has a market cap of $8.26 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 1.71 and a beta of 1.05. The firm’s 50-day simple moving average is $38.57 and its 200-day simple moving average is $37.99. The company has a quick ratio of 1.28, a current ratio of 1.56 and a debt-to-equity ratio of 1.10. UGI Co. has a fifty-two week low of $31.19 and a fifty-two week high of $46.13.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, January 1st. Investors of record on Thursday, December 15th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Wednesday, December 14th. UGI’s dividend payout ratio is currently 29.03%.

UGI Company Profile

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UGI Corporation, through 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.