UGI Co. (NYSE:UGI) Stock Holdings Lessened by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd cut its stake in shares of UGI Co. (NYSE:UGI) by 60.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 37,235 shares of the utilities provider’s stock after selling 56,096 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in UGI were worth $931,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Easterly Investment Partners LLC lifted its holdings in shares of UGI by 0.8% during the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock valued at $1,482,000 after purchasing an additional 450 shares during the last quarter. GAMMA Investing LLC lifted its stake in UGI by 24.2% during the second quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock valued at $60,000 after buying an additional 512 shares in the last quarter. Signaturefd LLC boosted 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 buying an additional 531 shares during the period. Fulton Bank N.A. increased its position in shares of UGI by 3.9% in the second quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock worth $343,000 after acquiring an additional 558 shares in the last quarter. Finally, V2 Financial group LLC raised its holdings in shares of UGI by 4.2% during the third quarter. V2 Financial group LLC now owns 13,966 shares of the utilities provider’s stock valued at $349,000 after acquiring an additional 567 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UGI has been the topic of several research analyst reports. Jefferies Financial Group started coverage on shares of UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective on the stock. Mizuho raised 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. StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company upped their target price on UGI from $26.00 to $27.00 and gave the company 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

UGI Price Performance

Shares of NYSE:UGI opened at $30.05 on Thursday. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 24.23 and a beta of 1.13. UGI Co. has a 1 year low of $21.51 and a 1 year high of $30.48. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The business has a fifty day simple moving average of $24.75 and a 200 day simple moving average of $24.20.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.99%. UGI’s dividend payout ratio is 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.