UGI Co. (NYSE:UGI) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in shares of UGI Co. (NYSE:UGI) by 54.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,522 shares of the utilities provider’s stock after selling 21,138 shares during the quarter. Intech Investment Management LLC’s holdings in UGI were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of UGI. Federated Hermes Inc. boosted its holdings in UGI by 28.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock valued at $81,014,000 after purchasing an additional 788,457 shares during the last quarter. LSV Asset Management lifted its holdings in UGI by 13.3% in the second quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider’s stock valued at $69,267,000 after acquiring an additional 356,200 shares during the last quarter. ProShare Advisors LLC grew its position in UGI by 84.9% in the second quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock worth $55,991,000 after acquiring an additional 1,122,766 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in UGI during the second quarter worth $53,371,000. Finally, Dimensional Fund Advisors LP raised its position in UGI by 32.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,327,248 shares of the utilities provider’s stock valued at $53,293,000 after purchasing an additional 566,416 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Price Performance

Shares of NYSE UGI opened at $28.79 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.71. The company has a market cap of $6.18 billion, a PE ratio of 23.21 and a beta of 1.13. The stock has a fifty day moving average price of $25.08 and a 200 day moving average price of $24.30. UGI Co. has a 1-year low of $21.51 and a 1-year high of $30.48.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors 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 5.21%. The ex-dividend date is Monday, December 16th. UGI’s dividend payout ratio is presently 120.97%.

Analysts Set New Price Targets

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

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.