GSA Capital Partners LLP Has $282,000 Position in UGI Co. (NYSE:UGI)

GSA Capital Partners LLP cut its position in shares of UGI Co. (NYSE:UGI) by 53.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,254 shares of the utilities provider’s stock after selling 12,795 shares during the quarter. GSA Capital Partners LLP’s holdings in UGI were worth $282,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UGI. Whittier Trust Co. raised its stake in shares of UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 598 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in UGI in the second quarter valued at approximately $32,000. Concord Wealth Partners lifted its holdings in UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 637 shares in the last quarter. Duncker Streett & Co. Inc. bought a new stake in UGI during the 2nd quarter worth approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in UGI in the 2nd quarter valued at $40,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UGI. Wells Fargo & Company boosted their price objective on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and upped their price target for the company from $27.00 to $30.00 in a research note on Friday, November 15th. StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Jefferies Financial Group started coverage on UGI in a report on Friday. They set a “buy” rating and a $28.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s 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 Performance

Shares of UGI stock opened at $28.50 on Friday. The company’s 50 day moving average price is $24.40 and its two-hundred day moving average price is $24.10. UGI Co. has a fifty-two week low of $21.51 and a fifty-two week high of $28.66. The firm has a market capitalization of $6.12 billion, a P/E ratio of 23.00 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date is Monday, December 16th. UGI’s payout ratio is 120.97%.

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.