First Citizens Bank & Trust Co. Has $329,000 Position in UGI Co. (NYSE:UGI)

First Citizens Bank & Trust Co. grew its position in shares of UGI Co. (NYSE:UGI) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,653 shares of the utilities provider’s stock after purchasing an additional 800 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in UGI were worth $329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake in shares of UGI by 42.0% during the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after acquiring an additional 2,786,878 shares during the last quarter. Geode Capital Management LLC raised its position in UGI by 33.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock worth $127,246,000 after purchasing an additional 1,202,938 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in UGI by 47.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after buying an additional 808,113 shares during the period. Hennessy Advisors Inc. grew its position in shares of UGI by 2,050.9% in the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock valued at $67,067,000 after buying an additional 2,265,300 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of UGI by 105.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,507,263 shares of the utilities provider’s stock valued at $37,712,000 after buying an additional 774,770 shares during the period. Institutional investors and hedge funds own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UGI. Jefferies Financial Group started coverage on UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective on the stock. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Finally, 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. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

UGI Price Performance

UGI stock opened at $30.42 on Wednesday. The stock’s 50 day moving average price is $28.54 and its two-hundred day moving average price is $25.79. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 24.53 and a beta of 1.21. 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 52-week low of $22.01 and a 52-week high of $30.93.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.93%. The ex-dividend date was Monday, December 16th. UGI’s dividend payout ratio (DPR) 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.