Farther Finance Advisors LLC Acquires 1,358 Shares of UGI Co. (NYSE:UGI)

Farther Finance Advisors LLC raised its holdings in shares of UGI Co. (NYSE:UGI) by 189.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,073 shares of the utilities provider’s stock after purchasing an additional 1,358 shares during the quarter. Farther Finance Advisors LLC’s holdings in UGI were worth $52,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. increased its stake in UGI by 99.7% during the 2nd quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 598 shares in the last quarter. Concord Wealth Partners increased its stake in UGI by 100.0% during the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $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 valued at $32,000. Duncker Streett & Co. Inc. purchased a new position in UGI during the 2nd quarter worth $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in UGI during the 2nd quarter worth $40,000. Institutional investors own 82.34% of the company’s stock.

UGI Price Performance

UGI opened at $23.50 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 7.53 and a beta of 1.13. The firm’s fifty day moving average price is $24.30 and its two-hundred day moving average price is $24.11. UGI Co. has a 1 year low of $21.25 and a 1 year high of $26.15.

Analyst Ratings Changes

A number of equities analysts have issued reports on UGI shares. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company lifted their price objective on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th.

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.