Sigma Planning Corp Trims Stock Holdings in UGI Co. (NYSE:UGI)

Sigma Planning Corp reduced its stake in shares of UGI Co. (NYSE:UGI) by 15.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,181 shares of the utilities provider’s stock after selling 1,831 shares during the period. Sigma Planning Corp’s holdings in UGI were worth $255,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Easterly Investment Partners LLC raised its stake in UGI by 0.8% during the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock worth $1,482,000 after acquiring an additional 450 shares during the period. GAMMA Investing LLC raised its holdings in UGI by 24.2% during 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 period. Signaturefd LLC lifted its holdings in shares of UGI by 7.2% in the 3rd quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock worth $197,000 after acquiring an additional 531 shares during the last quarter. Fulton Bank N.A. lifted its stake in UGI by 3.9% in the second quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock worth $343,000 after purchasing an additional 558 shares during the last quarter. Finally, Whittier Trust Co. boosted its holdings in UGI by 99.7% during the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 598 shares during the period. 82.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and upped their price objective 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 report on Tuesday, August 6th.

UGI Trading Up 3.8 %

Shares of NYSE UGI opened at $24.12 on Friday. UGI Co. has a 1-year low of $21.47 and a 1-year high of $26.15. The business has a fifty day moving average price of $24.25 and a 200 day moving average price of $24.08. The stock has a market capitalization of $5.18 billion, a P/E ratio of 7.73 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71.

About UGI

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.