Abundance Wealth Counselors Boosts Holdings in UGI Co. (NYSE:UGI)

Abundance Wealth Counselors raised its position in shares of UGI Co. (NYSE:UGI) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 29,514 shares of the utilities provider’s stock after acquiring an additional 505 shares during the quarter. Abundance Wealth Counselors’ holdings in UGI were worth $833,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Citigroup Inc. increased its position in shares of UGI by 33.0% during the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock valued at $5,087,000 after acquiring an additional 50,485 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of UGI by 2,402.0% in the 3rd quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock worth $652,000 after purchasing an additional 25,005 shares in the last quarter. FMR LLC raised its stake in shares of UGI by 42.0% in the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after purchasing an additional 2,786,878 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of UGI by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock valued at $30,718,000 after purchasing an additional 318,655 shares in the last quarter. Finally, Commerce Bank purchased a new stake in shares of UGI during the third quarter valued at $645,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

UGI Trading Down 0.8 %

UGI stock opened at $30.74 on Friday. UGI Co. has a 52-week low of $22.01 and a 52-week high of $31.05. The company has a market cap of $6.60 billion, a P/E ratio of 24.79 and a beta of 1.21. 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 business has a 50-day simple moving average of $28.94 and a two-hundred day simple moving average of $25.96.

UGI Announces Dividend

The firm also recently announced 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 was Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.88%. 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.