Burney Co. lowered its holdings in UGI Co. (NYSE:UGI – Free Report) by 43.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,842 shares of the utilities provider’s stock after selling 42,680 shares during the quarter. Burney Co.’s holdings in UGI were worth $1,506,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of UGI. BlackRock Inc. grew its position in shares of UGI by 3.4% in the first quarter. BlackRock Inc. now owns 35,154,665 shares of the utilities provider’s stock valued at $1,221,976,000 after purchasing an additional 1,150,654 shares in the last quarter. Vanguard Group Inc. increased its position in UGI by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 24,130,520 shares of the utilities provider’s stock valued at $780,140,000 after buying an additional 1,141,345 shares in the last quarter. State Street Corp raised its holdings in UGI by 3.8% in the 1st quarter. State Street Corp now owns 14,424,002 shares of the utilities provider’s stock worth $527,249,000 after acquiring an additional 522,707 shares during the last quarter. Moneta Group Investment Advisors LLC bought a new stake in shares of UGI in the fourth quarter worth approximately $203,745,000. Finally, First Trust Advisors LP grew its stake in shares of UGI by 0.6% during the 1st quarter. First Trust Advisors LP now owns 2,724,635 shares of the utilities provider’s stock valued at $94,708,000 after purchasing an additional 17,112 shares during the period. Institutional investors own 81.53% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Mizuho decreased their price target on UGI from $33.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, September 11th. TheStreet downgraded UGI from a “c” rating to a “d+” rating in a research report on Friday, August 11th. Wells Fargo & Company upgraded shares of UGI from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $28.00 to $27.00 in a report on Monday, August 28th. They noted that the move was a valuation call. Finally, StockNews.com upgraded shares of UGI from a “sell” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.50.
UGI Stock Down 1.5 %
UGI opened at $21.67 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.78 and a current ratio of 0.98. The company has a market cap of $4.54 billion, a price-to-earnings ratio of -3.25, a PEG ratio of 0.85 and a beta of 1.10. The business’s fifty day moving average is $22.17 and its two-hundred day moving average is $25.16. UGI Co. has a one year low of $20.19 and a one year high of $43.19.
UGI Company Profile
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.
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