Retirement Systems of Alabama Purchases 2,071 Shares of UGI Co. (NYSE:UGI)

Retirement Systems of Alabama grew its stake in shares of UGI Co. (NYSE:UGI) by 0.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 495,196 shares of the utilities provider’s stock after purchasing an additional 2,071 shares during the period. Retirement Systems of Alabama’s holdings in UGI were worth $12,390,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. increased its holdings in UGI by 99.7% during the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 598 shares in the last quarter. Concord Wealth Partners increased its holdings in UGI by 100.0% during the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 637 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in UGI during the 2nd quarter worth approximately $32,000. Duncker Streett & Co. Inc. bought a new stake in UGI during the 2nd quarter worth approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in UGI during the 2nd quarter worth approximately $40,000. 82.34% of the stock is owned by institutional investors.

UGI Stock Performance

UGI stock opened at $28.55 on Monday. The firm has a market cap of $6.13 billion, a PE ratio of 23.02 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 moving average of $25.78 and a 200-day moving average of $24.56. UGI Co. has a 12-month low of $21.67 and a 12-month high of $30.48.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.50 annualized dividend and a yield of 5.25%. UGI’s payout ratio is 120.97%.

Analyst Upgrades and Downgrades

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

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.