Ontario Teachers Pension Plan Board Sells 46,638 Shares of UGI Co. (NYSE:UGI)

Ontario Teachers Pension Plan Board lessened its stake in shares of UGI Co. (NYSE:UGI) by 25.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 138,542 shares of the utilities provider’s stock after selling 46,638 shares during the period. Ontario Teachers Pension Plan Board’s holdings in UGI were worth $3,466,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

UGI has been the subject of a number of recent research reports. StockNews.com downgraded UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Company lifted their target price on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $27.00 to $30.00 in a report on Friday, November 15th.

UGI Stock Down 0.3 %

Shares of NYSE:UGI opened at $24.36 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.34. The stock has a market cap of $5.23 billion, a P/E ratio of 7.81 and a beta of 1.13. The business’s 50 day moving average is $24.27 and its 200 day moving average is $24.06. UGI Co. has a 52-week low of $21.51 and a 52-week high of $26.15.

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.