Econ Financial Services Corp Has $2.23 Million Stake in UGI Co. (NYSE:UGI)

Econ Financial Services Corp lessened its position in UGI Co. (NYSE:UGI) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,978 shares of the utilities provider’s stock after selling 5,895 shares during the period. UGI accounts for about 1.3% of Econ Financial Services Corp’s portfolio, making the stock its 24th biggest holding. Econ Financial Services Corp’s holdings in UGI were worth $2,230,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. S.A. Mason LLC bought a new stake in shares of UGI in the fourth quarter worth $27,000. DAVENPORT & Co LLC bought a new stake in shares of UGI in the 4th quarter valued at about $200,000. Abundance Wealth Counselors increased its stake in shares of UGI by 1.7% in the fourth quarter. Abundance Wealth Counselors now owns 29,514 shares of the utilities provider’s stock valued at $833,000 after buying an additional 505 shares during the period. Alpha Omega Wealth Management LLC raised its position in shares of UGI by 24.2% during the fourth quarter. Alpha Omega Wealth Management LLC now owns 14,377 shares of the utilities provider’s stock worth $406,000 after acquiring an additional 2,798 shares during the last quarter. Finally, EMC Capital Management lifted its stake in shares of UGI by 848.8% in the fourth quarter. EMC Capital Management now owns 9,488 shares of the utilities provider’s stock worth $268,000 after acquiring an additional 8,488 shares during the period. 82.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UGI has been the subject of several analyst reports. Jefferies Financial Group assumed coverage on shares of UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 price target for the company. 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 upped their price target 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

UGI Stock Performance

NYSE:UGI opened at $31.08 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. UGI Co. has a twelve month low of $22.01 and a twelve month high of $31.24. The company has a fifty day moving average of $28.97 and a 200-day moving average of $26.02. The firm has a market capitalization of $6.67 billion, a P/E ratio of 25.06 and a beta of 1.21.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were issued a dividend of $0.375 per share. The ex-dividend date was Monday, December 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.83%. UGI’s dividend payout ratio is currently 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.