Unigestion Holding SA bought a new stake in UGI Corp (NYSE:UGI) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 227,529 shares of the utilities provider’s stock, valued at approximately $12,624,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new position in UGI in the 2nd quarter valued at about $124,000. Quad Cities Investment Group LLC acquired a new position in UGI in the 2nd quarter valued at about $167,000. MHI Funds LLC grew its position in UGI by 9,160.5% in the 2nd quarter. MHI Funds LLC now owns 3,519 shares of the utilities provider’s stock valued at $183,000 after acquiring an additional 3,481 shares in the last quarter. Whitnell & Co. acquired a new position in UGI in the 2nd quarter valued at about $195,000. Finally, Hartford Financial Management Inc. acquired a new position in UGI in the 2nd quarter valued at about $196,000. 79.42% of the stock is owned by institutional investors.
In other news, insider Joseph L. Hartz sold 18,000 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $55.51, for a total transaction of $999,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.36% of the company’s stock.
UGI has been the subject of several research reports. ValuEngine raised UGI from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Zacks Investment Research downgraded UGI from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $54.00 target price on shares of UGI in a research report on Friday, August 17th. Bank of America lifted their target price on UGI from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, October 29th. Finally, Barclays set a $53.00 target price on UGI and gave the company a “sell” rating in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. UGI has a consensus rating of “Hold” and an average price target of $52.60.
Shares of UGI stock opened at $56.03 on Friday. UGI Corp has a one year low of $42.51 and a one year high of $56.22. The stock has a market cap of $9.67 billion, a PE ratio of 24.47, a P/E/G ratio of 2.40 and a beta of 0.51. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.15 and a quick ratio of 0.99.
UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.
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