Quantbot Technologies LP Sells 125,479 Shares of UGI Co. (NYSE:UGI)

Quantbot Technologies LP lessened its stake in shares of UGI Co. (NYSE:UGI) by 46.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 145,987 shares of the utilities provider’s stock after selling 125,479 shares during the period. Quantbot Technologies LP’s holdings in UGI were worth $3,653,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UGI. FMR LLC raised its stake 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 worth $235,660,000 after purchasing an additional 2,786,878 shares in the last quarter. Federated Hermes Inc. increased its holdings in UGI by 28.7% during the second quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock worth $81,014,000 after buying an additional 788,457 shares during the last quarter. LSV Asset Management raised its position in UGI by 13.3% during the second quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider’s stock worth $69,267,000 after acquiring an additional 356,200 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in UGI by 47.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock valued at $62,630,000 after acquiring an additional 808,113 shares during the last quarter. Finally, ProShare Advisors LLC grew its position 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 valued at $55,991,000 after acquiring an additional 1,122,766 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UGI shares. Wells Fargo & Company raised their target price on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $27.00 to $30.00 in a report on Friday, November 15th. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Jefferies Financial Group started coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

UGI Stock Up 0.2 %

Shares of UGI opened at $30.05 on Thursday. UGI Co. has a 52 week low of $21.51 and a 52 week high of $30.48. The stock has a fifty day moving average of $24.75 and a 200-day moving average of $24.20. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.91. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 24.23 and a beta of 1.13.

UGI Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.99%. UGI’s payout ratio is 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.