CFS Investment Advisory Services LLC Decreases Stock Position in UGI Co. (NYSE:UGI)

CFS Investment Advisory Services LLC lessened its position in UGI Co. (NYSE:UGI) by 6.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,050 shares of the utilities provider’s stock after selling 669 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in UGI were worth $226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Easterly Investment Partners LLC increased its stake in UGI by 0.8% during the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock worth $1,482,000 after acquiring an additional 450 shares during the last quarter. GAMMA Investing LLC increased its stake in UGI by 24.2% during the second quarter. GAMMA Investing LLC now owns 2,627 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 512 shares during the last quarter. Signaturefd LLC increased its stake in 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 acquiring an additional 531 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of UGI by 3.9% in the second quarter. Fulton Bank N.A. now owns 14,983 shares of the utilities provider’s stock valued at $343,000 after buying an additional 558 shares in the last quarter. Finally, V2 Financial group LLC grew its stake in shares of UGI by 4.2% in the third quarter. V2 Financial group LLC now owns 13,966 shares of the utilities provider’s stock valued at $349,000 after buying an additional 567 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Up 15.1 %

Shares of NYSE UGI opened at $28.52 on Friday. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 23.00 and a beta of 1.13. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.91 and a quick ratio of 0.71. The business has a 50-day moving average of $24.31 and a two-hundred day moving average of $24.07. UGI Co. has a 1 year low of $21.51 and a 1 year high of $28.66.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Monday, December 16th. UGI’s dividend payout ratio (DPR) is currently 120.97%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UGI. Jefferies Financial Group began coverage on UGI in a research note on Friday. They issued a “buy” rating and a $28.00 price objective for the company. StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company lifted their target price on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Mizuho raised UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the stock 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 assigned a buy rating to the company. Based on data from MarketBeat, UGI presently has an average rating of “Moderate Buy” and an average target price 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.