Reston Wealth Management LLC Invests $326,000 in UGI Co. (NYSE:UGI)

Reston Wealth Management LLC acquired a new position in shares of UGI Co. (NYSE:UGI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,541 shares of the utilities provider’s stock, valued at approximately $326,000.

Other large investors have also modified their holdings of the company. FMR LLC boosted its position in shares of UGI by 42.0% in 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 during the period. Geode Capital Management LLC raised its holdings in shares of UGI by 33.8% during the third 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. raised its holdings in shares of UGI by 47.7% during the third 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. Hennessy Advisors Inc. raised its holdings in shares of UGI by 2,050.9% during the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock worth $67,067,000 after acquiring an additional 2,265,300 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings 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. 82.34% of the stock is owned by institutional investors.

UGI Trading Down 2.0 %

UGI stock opened at $29.82 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.60 and a current ratio of 0.80. The business’s 50-day simple moving average is $28.66 and its 200-day simple moving average is $25.84. The firm has a market capitalization of $6.40 billion, a PE ratio of 24.05 and a beta of 1.21. UGI Co. has a 52 week low of $22.01 and a 52 week high of $30.93.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.03%. UGI’s payout ratio is presently 120.97%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on UGI shares. Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Wells Fargo & Company raised 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. Finally, Jefferies Financial Group initiated coverage on UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 target price on the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, UGI presently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

UGI 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.