10,041 Shares in UGI Co. (NYSE:UGI) Purchased by Connable Office Inc.

Connable Office Inc. purchased a new position in UGI Co. (NYSE:UGI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,041 shares of the utilities provider’s stock, valued at approximately $251,000.

A number of other large investors also recently bought and sold shares of UGI. Whittier Trust Co. raised 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 last quarter. Hantz Financial Services Inc. acquired a new position in shares of UGI during the second quarter valued at approximately $32,000. Concord Wealth Partners raised its holdings in shares of UGI by 100.0% during the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 637 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new position in shares of UGI during the second quarter valued at approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UGI during the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Price Performance

NYSE:UGI opened at $24.12 on Friday. UGI Co. has a one year low of $21.47 and a one year high of $26.15. 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 $5.18 billion, a PE ratio of 7.71 and a beta of 1.13. The stock has a 50 day moving average price of $24.25 and a 200 day moving average price of $24.10.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UGI shares. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and increased their price target for the company from $27.00 to $30.00 in a report on Friday. Finally, Wells Fargo & Company increased their price target on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th.

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.