2,470 Shares in UGI Co. (NYSE:UGI) Purchased by R Squared Ltd

R Squared Ltd bought a new stake in shares of UGI Co. (NYSE:UGI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,470 shares of the utilities provider’s stock, valued at approximately $70,000.

Other large investors also recently made changes to their positions in the company. Concord Wealth Partners increased its stake in UGI by 100.0% in the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after buying an additional 637 shares during the period. UMB Bank n.a. increased its stake in shares of UGI by 67.1% in the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 540 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UGI in the second quarter worth $40,000. Farther Finance Advisors LLC boosted its position in UGI by 189.9% during the third quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in UGI in the third quarter valued at about $55,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Stock Down 0.8 %

Shares of UGI stock opened at $30.74 on Friday. The stock’s 50 day simple moving average is $28.90 and its 200 day simple moving average is $25.91. UGI Co. has a twelve month low of $22.01 and a twelve month high of $31.05. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.60 and a current ratio of 0.80. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 24.79 and a beta of 1.21.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.88%. The ex-dividend date was Monday, December 16th. UGI’s dividend payout ratio is currently 120.97%.

Analyst Upgrades and Downgrades

UGI has been the subject of several research reports. Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $27.00 to $30.00 in a report on Friday, November 15th. Jefferies Financial Group began coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 target price for the company. Finally, Wells Fargo & Company increased their price target 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. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.