IHT Wealth Management LLC Takes $242,000 Position in UGI Co. (NYSE:UGI)

IHT Wealth Management LLC bought a new position in UGI Co. (NYSE:UGI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,747 shares of the utilities provider’s stock, valued at approximately $242,000.

Other large investors have also added to or reduced their stakes in the company. Ingalls & Snyder LLC raised its position in shares of UGI by 7.0% during the 3rd quarter. Ingalls & Snyder LLC now owns 15,284 shares of the utilities provider’s stock valued at $382,000 after purchasing an additional 1,000 shares during the period. Invenomic Capital Management LP purchased a new stake in UGI in the 3rd quarter worth $7,050,000. Centiva Capital LP raised its holdings in UGI by 168.6% during the third quarter. Centiva Capital LP now owns 32,484 shares of the utilities provider’s stock valued at $813,000 after acquiring an additional 20,391 shares during the period. ARGA Investment Management LP lifted its position in shares of UGI by 115.5% in the third quarter. ARGA Investment Management LP now owns 115,254 shares of the utilities provider’s stock valued at $2,884,000 after acquiring an additional 61,765 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of UGI by 13.4% in the third quarter. Captrust Financial Advisors now owns 11,947 shares of the utilities provider’s stock worth $299,000 after acquiring an additional 1,414 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on UGI shares. 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 research note on Wednesday, October 16th. Jefferies Financial Group began 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. Finally, Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and boosted their target price 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.33.

UGI Price Performance

NYSE:UGI opened at $28.55 on Wednesday. The company has a market capitalization of $6.13 billion, a P/E ratio of 23.02 and a beta of 1.21. The business’s 50-day moving average is $25.44 and its 200 day moving average is $24.43. 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 Co. has a 12 month low of $21.51 and a 12 month high of $30.48.

UGI Dividend Announcement

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. The ex-dividend date is Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.25%. UGI’s dividend payout ratio is currently 120.97%.

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.