UGI Co. (NYSE:UGI) Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its stake in shares of UGI Co. (NYSE:UGI) by 4.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,443 shares of the utilities provider’s stock after selling 1,320 shares during the quarter. Atria Investments Inc’s holdings in UGI were worth $787,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Whittier Trust Co. grew its position in shares of UGI by 99.7% during 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. acquired a new stake in shares of UGI in the second quarter valued at approximately $32,000. Concord Wealth Partners raised its holdings in shares of UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after buying an additional 637 shares during the last quarter. Duncker Streett & Co. Inc. bought a new stake in shares of UGI during the second quarter valued at approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UGI during the second quarter worth approximately $40,000. 82.34% of the stock is currently owned by institutional investors.

UGI Trading Up 1.3 %

Shares of UGI stock opened at $24.45 on Tuesday. The stock has a 50-day simple moving average of $24.25 and a 200 day simple moving average of $24.06. The stock has a market capitalization of $5.25 billion, a P/E ratio of 7.77 and a beta of 1.13. UGI Co. has a fifty-two week low of $21.51 and a fifty-two week high of $26.15. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UGI shares. StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and raised their target price for the company from $27.00 to $30.00 in a research note on Friday. Finally, Wells Fargo & Company increased their price objective on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th.

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.