Unigestion Holding SA Buys New Stake in UGI Corp (UGI)

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.

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UGI Profile

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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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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