Wilmington Savings Fund Society FSB Invests $278,000 in UGI Co. (NYSE:UGI)

Wilmington Savings Fund Society FSB bought a new position in UGI Co. (NYSE:UGI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,120 shares of the utilities provider’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Easterly Investment Partners LLC lifted its holdings in shares of UGI by 0.8% in the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock worth $1,482,000 after acquiring an additional 450 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of UGI by 0.4% in the third quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock worth $2,774,000 after acquiring an additional 489 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of 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 acquiring an additional 531 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of UGI by 2.5% in the third quarter. Glenmede Trust Co. NA now owns 22,034 shares of the utilities provider’s stock worth $551,000 after acquiring an additional 541 shares during the last quarter. Finally, V2 Financial group LLC raised its holdings in 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 during the last quarter. Institutional investors own 82.34% of the company’s stock.

Analysts Set New Price Targets

UGI has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a 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 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

UGI Stock Performance

NYSE:UGI opened at $27.73 on Wednesday. The company has a market capitalization of $5.95 billion, a PE ratio of 22.36 and a beta of 1.21. The company has a 50 day simple moving average of $25.95 and a two-hundred day simple moving average of $24.60. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.60 and a current ratio of 0.80. UGI Co. has a fifty-two week low of $21.67 and a fifty-two week high of $30.48.

UGI Announces Dividend

The company also recently announced 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 5.41%. The ex-dividend date of this dividend is Monday, December 16th. UGI’s dividend payout ratio is presently 120.97%.

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.