UGI Co. (NYSE:UGI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in shares of UGI Co. (NYSE:UGI) by 11.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,262 shares of the utilities provider’s stock after selling 10,228 shares during the quarter. Nisa Investment Advisors LLC’s holdings in UGI were worth $2,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in UGI. UMB Bank n.a. increased its position in shares of UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 540 shares during the period. HB Wealth Management LLC purchased a new position in shares of UGI in the fourth quarter worth about $215,000. Merit Financial Group LLC purchased a new position in shares of UGI in the fourth quarter worth about $215,000. Hennessy Advisors Inc. lifted its holdings in shares of UGI by 2,050.9% during the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock worth $67,067,000 after purchasing an additional 2,265,300 shares during the period. Finally, Lauer Wealth LLC purchased a new position in UGI during the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Down 0.5 %

UGI stock opened at $30.36 on Monday. The firm’s fifty day moving average is $28.41 and its 200 day moving average is $25.72. The firm has a market cap of $6.52 billion, a PE ratio of 24.48 and a beta of 1.21. UGI Co. has a one year low of $22.01 and a one year high of $30.66. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.60 and a current ratio of 0.80.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were paid a $0.375 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.94%. UGI’s dividend payout ratio is presently 120.97%.

Wall Street Analysts Forecast Growth

UGI has been the topic of several recent research reports. 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 price objective on the stock. Wells Fargo & Company increased their price target on UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Mizuho raised UGI from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $27.00 to $30.00 in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.33.

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.