11,541 Shares in UGI Co. (NYSE:UGI) Purchased by Reston Wealth Management LLC

Reston Wealth Management LLC acquired a new stake in shares of UGI Co. (NYSE:UGIFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,541 shares of the utilities provider’s stock, valued at approximately $326,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after acquiring an additional 2,786,878 shares in the last quarter. Hennessy Advisors Inc. boosted its holdings in shares of UGI by 2,050.9% in the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock worth $67,067,000 after acquiring an additional 2,265,300 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of UGI by 33.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock worth $127,246,000 after acquiring an additional 1,202,938 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 acquiring an additional 808,113 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of UGI by 105.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,507,263 shares of the utilities provider’s stock worth $37,712,000 after acquiring an additional 774,770 shares in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on UGI shares. Jefferies Financial Group started coverage on UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 target price on the stock. Wells Fargo & Company boosted their price objective on shares of 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 upgraded shares of UGI from a “neutral” rating to an “outperform” rating and upped their target price for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Read Our Latest Report on UGI

UGI Stock Performance

Shares of UGI stock opened at $29.82 on Thursday. The firm has a fifty day moving average of $28.66 and a two-hundred day moving average of $25.84. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 24.05 and a beta of 1.21. UGI Co. has a 52 week low of $22.01 and a 52 week high of $30.93. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend was Monday, December 16th. UGI’s dividend payout ratio (DPR) is 120.97%.

UGI Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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