Bill Few Associates Inc. Sells 5,494 Shares of UGI Co. (NYSE:UGI)

Bill Few Associates Inc. reduced its holdings in shares of UGI Co. (NYSE:UGI) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,987 shares of the utilities provider’s stock after selling 5,494 shares during the period. Bill Few Associates Inc.’s holdings in UGI were worth $2,823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Easterly Investment Partners LLC lifted its holdings in UGI by 0.8% during the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock valued at $1,482,000 after purchasing an additional 450 shares in the last quarter. Wright Investors Service Inc. boosted its holdings in UGI by 1.3% in the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock worth $1,050,000 after buying an additional 484 shares during the period. MetLife Investment Management LLC raised its holdings in UGI by 0.4% during the third quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock valued at $2,774,000 after acquiring an additional 489 shares during the period. Signaturefd LLC grew its position in shares of UGI by 7.2% during the third quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock worth $197,000 after purchasing an additional 531 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Trading Down 0.9 %

NYSE UGI opened at $30.27 on Thursday. UGI Co. has a 12 month low of $22.01 and a 12 month high of $30.61. The company’s 50-day moving average price is $28.01 and its 200-day moving average price is $25.57. The stock has a market cap of $6.50 billion, a PE ratio of 24.41 and a beta of 1.21. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were issued a $0.375 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.96%. UGI’s payout ratio is 120.97%.

Analyst Upgrades and Downgrades

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

UGI Company 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.