Raymond James Financial Services Advisors Inc. Sells 5,443 Shares of UGI Co. (NYSE:UGI)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of UGI Co. (NYSE:UGIGet Rating) by 15.1% during the 3rd quarter, Holdings Channel reports. The fund owned 30,564 shares of the utilities provider’s stock after selling 5,443 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in UGI were worth $988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Allworth Financial LP boosted its position in shares of UGI by 598.5% in the 2nd quarter. Allworth Financial LP now owns 915 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 784 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in shares of UGI by 83.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,050 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 477 shares in the last quarter. Private Trust Co. NA acquired a new stake in shares of UGI in the 2nd quarter worth $44,000. Concourse Financial Group Securities Inc. boosted its position in shares of UGI by 46.7% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 1,276 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 406 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in UGI by 2,519.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,362 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 1,310 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays lowered UGI from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $36.00 to $39.00 in a research note on Wednesday. They noted that the move was a valuation call. Bank of America lowered UGI from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $43.00 to $41.00 in a research note on Wednesday, November 23rd. Wells Fargo & Company raised their target price on UGI from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 10th. StockNews.com started coverage on UGI in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, TheStreet upgraded UGI from a “c+” rating to a “b-” rating in a research note on Thursday, December 22nd. Two 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 a consensus rating of “Hold” and an average target price of $40.67.

UGI Stock Performance

NYSE UGI opened at $39.41 on Friday. The stock has a 50-day simple moving average of $38.57 and a two-hundred day simple moving average of $37.99. The firm has a market capitalization of $8.26 billion, a P/E ratio of 7.95, a PEG ratio of 1.71 and a beta of 1.05. UGI Co. has a fifty-two week low of $31.19 and a fifty-two week high of $46.13. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.28 and a current ratio of 1.56.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, January 1st. Investors of record on Thursday, December 15th were paid a $0.36 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.65%. UGI’s dividend payout ratio is presently 29.03%.

Insider Activity at UGI

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

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.

Further Reading

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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