UGI Co. (NYSE:UGI) Shares Acquired by Citigroup Inc.

Citigroup Inc. increased its stake in shares of UGI Co. (NYSE:UGIFree Report) by 33.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,313 shares of the utilities provider’s stock after purchasing an additional 50,485 shares during the period. Citigroup Inc. owned 0.09% of UGI worth $5,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UGI. Federated Hermes Inc. lifted its position in UGI by 28.7% during the second quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock worth $81,014,000 after buying an additional 788,457 shares during the period. LSV Asset Management boosted its position in shares of UGI by 13.3% in the second quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider’s stock worth $69,267,000 after acquiring an additional 356,200 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in UGI by 47.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock valued at $62,630,000 after purchasing an additional 808,113 shares during the period. ProShare Advisors LLC grew its holdings in UGI by 84.9% in the second quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock valued at $55,991,000 after purchasing an additional 1,122,766 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in UGI during the second quarter worth approximately $53,371,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Trading Down 5.2 %

UGI stock opened at $28.79 on Tuesday. UGI Co. has a 1 year low of $21.51 and a 1 year high of $30.48. The firm’s 50-day moving average is $25.08 and its 200-day moving average is $24.30. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.71 and a current ratio of 0.80. The company has a market cap of $6.18 billion, a P/E ratio of 23.21 and a beta of 1.13.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.50 annualized dividend and a dividend yield of 5.21%. UGI’s dividend payout ratio is currently 120.97%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UGI shares. Wells Fargo & Company boosted their price target on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on shares of UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 target price for the company. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Finally, StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.33.

Get Our Latest Analysis on UGI

About UGI

(Free Report)

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.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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