Barclays PLC Has $7.85 Million Stock Position in UGI Co. (NYSE:UGI)

Barclays PLC raised its position in UGI Co. (NYSE:UGI) by 7.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 313,810 shares of the utilities provider’s stock after purchasing an additional 22,752 shares during the quarter. Barclays PLC’s holdings in UGI were worth $7,852,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after acquiring an additional 2,786,878 shares in the last quarter. Federated Hermes Inc. increased its holdings in UGI by 28.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock valued at $81,014,000 after purchasing an additional 788,457 shares in the last quarter. LSV Asset Management raised its position in UGI by 13.3% in the 2nd quarter. LSV Asset Management now owns 3,024,750 shares of the utilities provider’s stock valued at $69,267,000 after purchasing an additional 356,200 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of UGI by 47.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after purchasing an additional 808,113 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of UGI by 84.9% in the second quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock valued at $55,991,000 after buying an additional 1,122,766 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

UGI Stock Performance

UGI stock opened at $27.73 on Wednesday. The company has a market cap of $5.95 billion, a PE ratio of 22.36 and a beta of 1.21. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48. UGI Co. has a 1 year low of $21.67 and a 1 year high of $30.48. The company’s 50-day moving average is $25.95 and its two-hundred day moving average is $24.60.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be paid a $0.375 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a yield of 5.41%. UGI’s payout ratio is presently 120.97%.

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.