Natixis Advisors LLC Has $1.01 Million Holdings in UGI Co. (NYSE:UGI)

Natixis Advisors LLC raised its stake in UGI Co. (NYSE:UGI) by 37.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 40,281 shares of the utilities provider’s stock after buying an additional 11,040 shares during the period. Natixis Advisors LLC’s holdings in UGI were worth $1,008,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UGI. Easterly Investment Partners LLC raised its position in shares of UGI by 0.8% in the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock valued at $1,482,000 after acquiring an additional 450 shares during the period. GAMMA Investing LLC increased its stake in UGI by 24.2% in the second quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 512 shares in the last quarter. Signaturefd LLC raised its holdings in UGI by 7.2% in the third quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock worth $197,000 after purchasing an additional 531 shares during the period. Fulton Bank N.A. grew its holdings in shares of UGI by 3.9% in the 2nd quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock valued at $343,000 after buying an additional 558 shares during the period. Finally, V2 Financial group LLC increased its position in shares of UGI by 4.2% in the 3rd quarter. V2 Financial group LLC now owns 13,966 shares of the utilities provider’s stock valued at $349,000 after buying an additional 567 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

Shares of UGI stock opened at $30.01 on Wednesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 24.20 and a beta of 1.13. UGI Co. has a one year low of $21.51 and a one year high of $30.01. The stock’s 50-day moving average is $24.63 and its 200-day moving average is $24.16.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Monday, December 16th. UGI’s dividend payout ratio (DPR) is currently 120.97%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UGI shares. Jefferies Financial Group began coverage on UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 target price for the company. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, Wells Fargo & Company lifted their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, UGI has an average rating of “Moderate Buy” and a consensus price target of $28.33.

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.