Foundry Partners LLC Takes Position in UGI Co. (NYSE:UGI)

Foundry Partners LLC acquired a new position in shares of UGI Co. (NYSE:UGI) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 383,680 shares of the utilities provider’s stock, valued at approximately $9,600,000. Foundry Partners LLC owned 0.18% of UGI as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Jupiter Asset Management Ltd. bought a new position in UGI during the 2nd quarter worth $53,371,000. ProShare Advisors LLC grew its stake in shares of UGI by 84.9% in the 2nd quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock valued at $55,991,000 after buying an additional 1,122,766 shares during the period. AQR Capital Management LLC grew its stake in UGI by 112.7% in the second quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider’s stock valued at $46,383,000 after acquiring an additional 1,073,013 shares during the period. Federated Hermes Inc. grew its position in UGI by 28.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock valued at $81,014,000 after purchasing an additional 788,457 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in shares of UGI by 105.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,507,263 shares of the utilities provider’s stock worth $37,712,000 after acquiring an additional 774,770 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UGI shares. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, Wells Fargo & Company boosted their target price on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th.

UGI Trading Down 0.2 %

Shares of UGI stock opened at $24.32 on Thursday. UGI Co. has a 52-week low of $21.51 and a 52-week high of $26.15. The business’s fifty day moving average is $24.29 and its 200 day moving average is $24.07. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The company has a market capitalization of $5.22 billion, a PE ratio of 7.79 and a beta of 1.13.

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.