Sanctuary Advisors LLC Grows Stock Holdings in UGI Co. (NYSE:UGI)

Sanctuary Advisors LLC increased its position in UGI Co. (NYSE:UGI) by 88.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,876 shares of the utilities provider’s stock after buying an additional 10,251 shares during the period. Sanctuary Advisors LLC’s holdings in UGI were worth $547,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Citigroup Inc. raised its position in shares of UGI by 33.0% during the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock valued at $5,087,000 after buying an additional 50,485 shares during the last quarter. International Assets Investment Management LLC grew its stake in UGI by 2,402.0% during the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock valued at $652,000 after acquiring an additional 25,005 shares in the last quarter. FMR LLC increased its holdings in UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after acquiring an additional 2,786,878 shares during the last quarter. Commerce Bank purchased a new stake in UGI in the 3rd quarter worth $645,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of UGI by 945.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 51,280 shares of the utilities provider’s stock valued at $1,283,000 after purchasing an additional 46,377 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

UGI Stock Up 1.3 %

Shares of NYSE:UGI opened at $27.91 on Thursday. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 22.51 and a beta of 1.21. UGI Co. has a 12 month low of $21.67 and a 12 month high of $30.48. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average price of $26.23 and a 200 day moving average price of $24.71.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a yield of 5.37%. UGI’s dividend payout ratio is presently 120.97%.

About UGI

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.