Bill Few Associates Inc. Lowers Stock Position in UGI Co. (NYSE:UGI)

Bill Few Associates Inc. decreased its holdings in UGI Co. (NYSE:UGI) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 99,987 shares of the utilities provider’s stock after selling 5,494 shares during the quarter. Bill Few Associates Inc.’s holdings in UGI were worth $2,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC grew its position in shares of UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after buying an additional 2,786,878 shares during the last quarter. Hennessy Advisors Inc. grew its stake in UGI by 2,050.9% during the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock worth $67,067,000 after buying an additional 2,265,300 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of UGI by 33.8% during the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock worth $127,246,000 after acquiring an additional 1,202,938 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of UGI by 112.7% during the second quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider’s stock valued at $46,383,000 after acquiring an additional 1,073,013 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of UGI by 47.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock valued at $62,630,000 after purchasing an additional 808,113 shares during the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group began coverage on UGI in a research note on Friday, November 22nd. They set a “buy” rating and a $28.00 price target on the stock. Wells Fargo & Company lifted their price objective 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. Finally, Mizuho raised UGI from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

UGI Trading Down 0.9 %

UGI stock opened at $30.27 on Thursday. The firm has a market cap of $6.50 billion, a P/E ratio of 24.41 and a beta of 1.21. UGI Co. has a 52-week low of $22.01 and a 52-week high of $30.61. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The company’s 50-day simple moving average is $28.01 and its 200-day simple moving average is $25.57.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend was Monday, December 16th. UGI’s dividend payout ratio (DPR) is presently 120.97%.

UGI Company 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.