Wright Investors Service Inc. Buys 484 Shares of UGI Co. (NYSE:UGI)

Wright Investors Service Inc. grew its stake in UGI Co. (NYSE:UGI) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,206 shares of the utilities provider’s stock after acquiring an additional 484 shares during the period. Wright Investors Service Inc.’s holdings in UGI were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of UGI. Easterly Investment Partners LLC raised its position in UGI by 0.8% in the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock worth $1,482,000 after purchasing an additional 450 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of UGI by 0.4% during the third quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock worth $2,774,000 after acquiring an additional 489 shares during the last quarter. Signaturefd LLC lifted its stake in shares of UGI by 7.2% during the third quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock valued at $197,000 after acquiring an additional 531 shares during the period. Glenmede Trust Co. NA boosted its holdings in UGI by 2.5% in the third quarter. Glenmede Trust Co. NA now owns 22,034 shares of the utilities provider’s stock valued at $551,000 after acquiring an additional 541 shares during the last quarter. Finally, V2 Financial group LLC increased its position in UGI by 4.2% in the third quarter. V2 Financial group LLC now owns 13,966 shares of the utilities provider’s stock worth $349,000 after purchasing an additional 567 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on UGI shares. Wells Fargo & Company upped their target price on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $27.00 to $30.00 in a report on Friday, November 15th. Finally, 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 target price for the company. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, UGI currently has an average rating of “Moderate Buy” and a consensus target price of $28.33.

UGI Stock Performance

Shares of UGI stock opened at $28.83 on Tuesday. The stock has a market cap of $6.19 billion, a PE ratio of 23.25 and a beta of 1.21. The stock has a 50-day moving average of $27.27 and a 200-day moving average of $25.26. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.60. UGI Co. has a one year low of $21.67 and a one year high of $30.48.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend was Monday, December 16th. UGI’s payout ratio is presently 120.97%.

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.