UGI Co. (NYSE:UGI) Shares Sold by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC reduced its holdings in shares of UGI Co. (NYSE:UGI) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,050 shares of the utilities provider’s stock after selling 669 shares during the period. CFS Investment Advisory Services LLC’s holdings in UGI were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in UGI. O Shaughnessy Asset Management LLC acquired a new position in UGI during the 1st quarter valued at about $268,000. Gabelli Funds LLC increased its holdings in shares of UGI by 5.4% in the first quarter. Gabelli Funds LLC now owns 548,100 shares of the utilities provider’s stock valued at $13,450,000 after purchasing an additional 28,000 shares during the period. Quadrature Capital Ltd increased its holdings in shares of UGI by 31.4% in the first quarter. Quadrature Capital Ltd now owns 69,836 shares of the utilities provider’s stock valued at $1,714,000 after purchasing an additional 16,684 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of UGI by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 118,947 shares of the utilities provider’s stock valued at $2,919,000 after purchasing an additional 6,407 shares during the period. Finally, Energy Income Partners LLC increased its holdings in shares of UGI by 5.1% in the first quarter. Energy Income Partners LLC now owns 198,866 shares of the utilities provider’s stock valued at $4,880,000 after purchasing an additional 9,650 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $27.00 to $30.00 in a report on Friday, November 15th. Wells Fargo & Company increased their price objective on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Jefferies Financial Group assumed coverage on UGI in a report on Friday. They issued a “buy” rating and a $28.00 price objective on the stock. Finally, StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

UGI Stock Up 15.1 %

Shares of UGI opened at $28.52 on Friday. UGI Co. has a 52 week low of $21.51 and a 52 week high of $28.66. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 23.00 and a beta of 1.13. The stock’s 50-day moving average price is $24.31 and its 200-day moving average price is $24.07.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a yield of 5.26%. UGI’s dividend payout ratio is currently 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.