383,680 Shares in UGI Co. (NYSE:UGI) Bought by Foundry Partners LLC

Foundry Partners LLC purchased a new stake in shares of UGI Co. (NYSE:UGI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 383,680 shares of the utilities provider’s stock, valued at approximately $9,600,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. grew its holdings in shares of UGI by 99.7% in the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 598 shares during the last quarter. Hantz Financial Services Inc. bought a new position in UGI during the 2nd quarter valued at approximately $32,000. Concord Wealth Partners raised its position in shares of UGI by 100.0% in the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 637 shares during the last quarter. Duncker Streett & Co. Inc. purchased a new position in UGI in the second quarter worth about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in UGI in the 2nd quarter worth approximately $40,000. Institutional investors own 82.34% of the company’s stock.

UGI Stock Down 0.2 %

Shares of UGI opened at $24.32 on Thursday. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 7.79 and a beta of 1.13. The business’s 50 day simple moving average is $24.29 and its 200-day simple moving average is $24.07. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. UGI Co. has a 1 year low of $21.51 and a 1 year high of $26.15.

Wall Street Analyst Weigh In

UGI has been the topic of several research analyst reports. StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company lifted their price target 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. Finally, Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $27.00 to $30.00 in a research report on Friday, November 15th.

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.