Vestcor Inc Sells 42,209 Shares of UGI Co. (NYSE:UGI)

Vestcor Inc decreased its position in shares of UGI Co. (NYSE:UGI) by 74.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,728 shares of the utilities provider’s stock after selling 42,209 shares during the period. Vestcor Inc’s holdings in UGI were worth $368,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UGI. FMR LLC raised its holdings in shares of UGI by 42.0% during the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after buying an additional 2,786,878 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of UGI in the 2nd quarter worth approximately $53,371,000. ProShare Advisors LLC lifted its holdings in shares of UGI by 84.9% in the 2nd 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 last quarter. AQR Capital Management LLC boosted its stake in shares of UGI by 112.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,025,457 shares of the utilities provider’s stock valued at $46,383,000 after purchasing an additional 1,073,013 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in UGI by 47.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after purchasing an additional 808,113 shares during the period. Institutional investors own 82.34% of the company’s stock.

UGI Stock Down 0.8 %

NYSE UGI opened at $28.55 on Friday. UGI Co. has a 1 year low of $21.67 and a 1 year high of $30.48. The stock has a market capitalization of $6.13 billion, a PE ratio of 22.96 and a beta of 1.21. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. The business’s 50-day moving average is $25.70 and its 200 day moving average is $24.52.

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 issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend is Monday, December 16th. UGI’s dividend payout ratio (DPR) is currently 120.97%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 price target on the stock. Finally, Mizuho upgraded 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 research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, UGI currently has an average rating of “Moderate Buy” and an average price target 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.