Oppenheimer & Co. Inc. Decreases Holdings in UGI Co. (NYSE:UGI)

Oppenheimer & Co. Inc. cut its holdings in shares of UGI Co. (NYSE:UGI) by 34.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 53,618 shares of the utilities provider’s stock after selling 28,066 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in UGI were worth $1,342,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Easterly Investment Partners LLC raised its stake in shares of UGI by 0.8% during the third 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 in the last quarter. GAMMA Investing LLC raised its stake in shares of UGI by 24.2% during the second quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 512 shares in the last quarter. Signaturefd LLC raised its stake in shares of UGI by 7.2% during the third quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock worth $197,000 after acquiring an additional 531 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of UGI by 3.9% during the second quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock worth $343,000 after acquiring an additional 558 shares in the last quarter. Finally, V2 Financial group LLC raised its stake in shares of UGI by 4.2% during the third quarter. V2 Financial group LLC now owns 13,966 shares of the utilities provider’s stock worth $349,000 after acquiring an additional 567 shares in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Stock Up 1.3 %

Shares of UGI stock opened at $24.45 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The company’s fifty day simple moving average is $24.25 and its two-hundred day simple moving average is $24.06. The company has a market cap of $5.25 billion, a P/E ratio of 7.83 and a beta of 1.13. UGI Co. has a 12-month low of $21.51 and a 12-month high of $26.15.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company lifted their target price on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $27.00 to $30.00 in a research note on Friday.

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.