Russell Investments Group Ltd. raised its position in UGI Co. (NYSE:UGI – Free Report) by 25.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 847,959 shares of the utilities provider’s stock after acquiring an additional 173,879 shares during the period. Russell Investments Group Ltd. owned approximately 0.41% of UGI worth $22,866,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE grew its stake in UGI by 9.9% in the second quarter. US Bancorp DE now owns 13,516 shares of the utilities provider’s stock valued at $365,000 after acquiring an additional 1,216 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of UGI by 2.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,395,586 shares of the utilities provider’s stock valued at $37,639,000 after buying an additional 26,952 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of UGI by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,281,233 shares of the utilities provider’s stock valued at $34,555,000 after buying an additional 58,713 shares during the last quarter. TD Asset Management Inc boosted its position in shares of UGI by 12.8% during the second quarter. TD Asset Management Inc now owns 17,718 shares of the utilities provider’s stock valued at $478,000 after buying an additional 2,008 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in shares of UGI by 14.7% during the second quarter. Lido Advisors LLC now owns 42,218 shares of the utilities provider’s stock valued at $1,139,000 after buying an additional 5,405 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.
UGI Stock Performance
Shares of UGI opened at $22.25 on Tuesday. The firm has a market cap of $4.66 billion, a PE ratio of -3.10, a PEG ratio of 0.84 and a beta of 1.10. The stock’s fifty day moving average price is $22.11 and its two-hundred day moving average price is $24.92. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.98 and a quick ratio of 0.78. UGI Co. has a 1 year low of $20.19 and a 1 year high of $43.19.
UGI Announces Dividend
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. TheStreet cut UGI from a “c” rating to a “d+” rating in a research report on Friday, August 11th. Mizuho cut their target price on UGI from $33.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, September 11th. Wells Fargo & Company raised UGI from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $28.00 to $27.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. Finally, StockNews.com upgraded UGI from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, UGI has an average rating of “Hold” and a consensus price target of $33.50.
UGI Corporation, through 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.
- Five stocks we like better than UGI
- How to Invest in EV Charging Stations
- Safeguard your portfolio with these three bargain stocks
- What is the Euro STOXX 50 Index?
- Membership clubs gain leverage for the consumer rebound
- Stock Analyst Ratings and Canadian Analyst Ratings
- Advanced Auto Parts may be worth more in pieces than the whole
Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.