UGI Co. (NYSE:UGI) Position Cut by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its position in shares of UGI Co. (NYSE:UGI) by 6.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,099 shares of the utilities provider’s stock after selling 1,005 shares during the period. Crossmark Global Holdings Inc.’s holdings in UGI were worth $378,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. International Assets Investment Management LLC increased its stake in shares of UGI by 2,402.0% in the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock valued at $652,000 after purchasing an additional 25,005 shares during the period. Manning & Napier Advisors LLC acquired a new stake in UGI in the 2nd quarter valued at approximately $2,088,000. Wedge Capital Management L L P NC raised its stake in UGI by 12.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 578,469 shares of the utilities provider’s stock valued at $13,247,000 after acquiring an additional 64,755 shares in the last quarter. Gabelli Funds LLC boosted its position in UGI by 5.4% during the 1st quarter. Gabelli Funds LLC now owns 548,100 shares of the utilities provider’s stock worth $13,450,000 after acquiring an additional 28,000 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of UGI by 945.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 51,280 shares of the utilities provider’s stock worth $1,283,000 after purchasing an additional 46,377 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Analysts Set New Price Targets

UGI has been the subject of several research analyst reports. Wells Fargo & Company upped their price objective on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $27.00 to $30.00 in a research note on Friday. Finally, StockNews.com lowered shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

UGI Price Performance

NYSE:UGI opened at $24.12 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The business’s 50-day moving average price is $24.25 and its 200 day moving average price is $24.07. UGI Co. has a 52-week low of $21.47 and a 52-week high of $26.15. The firm has a market cap of $5.18 billion, a P/E ratio of 7.73 and a beta of 1.13.

UGI 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.