Wright Investors Service Inc. Has $1.05 Million Holdings in UGI Co. (NYSE:UGI)

Wright Investors Service Inc. raised its position in UGI Co. (NYSE:UGI) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 37,206 shares of the utilities provider’s stock after purchasing an additional 484 shares during the period. Wright Investors Service Inc.’s holdings in UGI were worth $1,050,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UGI. FMR LLC grew its holdings 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 worth $235,660,000 after buying an additional 2,786,878 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 1,202,938 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of 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 acquiring an additional 808,113 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of UGI by 84.9% in the second quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock worth $55,991,000 after purchasing an additional 1,122,766 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in UGI by 32.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,327,248 shares of the utilities provider’s stock worth $53,293,000 after purchasing an additional 566,416 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Performance

Shares of UGI opened at $28.83 on Tuesday. The company has a market cap of $6.19 billion, a PE ratio of 23.25 and a beta of 1.21. The firm has a 50-day moving average of $27.27 and a 200-day moving average of $25.26. UGI Co. has a one year low of $21.67 and a one year high of $30.48. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend was Monday, December 16th. UGI’s dividend payout ratio (DPR) is presently 120.97%.

Analyst Upgrades and Downgrades

UGI has been the topic of several recent research reports. Jefferies Financial Group started coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Wells Fargo & Company lifted their target price on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and raised their price target for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, UGI has a consensus rating of “Moderate Buy” and a consensus target price 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.