UGI Co. (NYSE:UGI) Position Lessened by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lowered its stake in shares of UGI Co. (NYSE:UGI) by 60.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,235 shares of the utilities provider’s stock after selling 56,096 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in UGI were worth $931,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UGI. Whittier Trust Co. boosted its holdings in shares of UGI by 99.7% during the second quarter. Whittier Trust Co. now owns 1,198 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 598 shares during the period. Hantz Financial Services Inc. acquired a new position in UGI during the 2nd quarter valued at about $32,000. Concord Wealth Partners grew its position in UGI by 100.0% in the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 637 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of UGI in the second quarter valued at approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of UGI during the second quarter valued at approximately $40,000. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Up 0.2 %

Shares of UGI stock opened at $30.05 on Thursday. 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 cap of $6.45 billion, a PE ratio of 24.23 and a beta of 1.13. The business’s fifty day moving average is $24.75 and its 200-day moving average is $24.20. UGI Co. has a 1 year low of $21.51 and a 1 year high of $30.48.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend is Monday, December 16th. UGI’s dividend payout ratio (DPR) is presently 120.97%.

Analysts Set New Price Targets

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

About UGI

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.