EMC Capital Management Raises Holdings in UGI Co. (NYSE:UGI)

EMC Capital Management raised its holdings in shares of UGI Co. (NYSE:UGI) by 848.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,488 shares of the utilities provider’s stock after purchasing an additional 8,488 shares during the period. EMC Capital Management’s holdings in UGI were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Concord Wealth Partners increased its position in UGI by 100.0% during the 3rd quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after buying an additional 637 shares in the last quarter. UMB Bank n.a. raised its holdings in UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 540 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in UGI during the 2nd quarter valued at $40,000. Farther Finance Advisors LLC raised its stake in shares of UGI by 189.9% in the third quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Millburn Ridgefield Corp purchased a new stake in shares of UGI during the third quarter valued at $55,000. Institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

Shares of UGI stock traded up $0.78 on Thursday, hitting $30.59. 65,725 shares of the company’s stock were exchanged, compared to its average volume of 1,732,574. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.60 and a current ratio of 0.80. The stock has a market capitalization of $6.57 billion, a PE ratio of 24.68 and a beta of 1.21. UGI Co. has a 1 year low of $22.01 and a 1 year high of $30.93. The company has a 50-day simple moving average of $28.66 and a 200-day simple moving average of $25.84.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Monday, December 16th were paid a dividend of $0.375 per share. The ex-dividend date was Monday, December 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.90%. UGI’s dividend payout ratio (DPR) is presently 120.97%.

Analysts Set New Price Targets

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

UGI Company Profile

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.