Foster & Motley Inc. Has $3.07 Million Stock Holdings in UGI Co. (NYSE:UGI)

Foster & Motley Inc. raised its stake in shares of UGI Co. (NYSE:UGI) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,836 shares of the utilities provider’s stock after purchasing an additional 2,370 shares during the quarter. Foster & Motley Inc.’s holdings in UGI were worth $3,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Marshall Wace LLP acquired a new stake in shares of UGI during the 2nd quarter worth about $392,000. Millennium Management LLC increased its holdings in shares of UGI by 135.7% during the second quarter. Millennium Management LLC now owns 1,096,382 shares of the utilities provider’s stock worth $25,107,000 after buying an additional 631,124 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of UGI by 116.1% in the second quarter. Mackenzie Financial Corp now owns 185,771 shares of the utilities provider’s stock valued at $4,254,000 after acquiring an additional 99,820 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of UGI by 9.4% in the 2nd quarter. NewEdge Advisors LLC now owns 89,151 shares of the utilities provider’s stock worth $2,042,000 after acquiring an additional 7,690 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in UGI during the 2nd quarter worth approximately $448,000. 82.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on UGI in a research report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective for the company. Wells Fargo & Company upped their price target on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

UGI Stock Down 2.0 %

NYSE UGI opened at $29.82 on Thursday. The stock has a market capitalization of $6.40 billion, a P/E ratio of 24.05 and a beta of 1.21. UGI Co. has a 52 week low of $22.01 and a 52 week high of $30.93. 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 stock has a fifty day moving average of $28.66 and a 200-day moving average of $25.84.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.50 annualized dividend and a yield of 5.03%. UGI’s dividend payout ratio is currently 120.97%.

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.