Advisors Asset Management Inc. Purchases 30,003 Shares of UGI Co. (NYSE:UGI)

Advisors Asset Management Inc. grew its position in shares of UGI Co. (NYSE:UGI) by 6.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 469,701 shares of the utilities provider’s stock after acquiring an additional 30,003 shares during the period. Advisors Asset Management Inc.’s holdings in UGI were worth $11,752,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of UGI. Federated Hermes Inc. grew its position in UGI by 28.7% during the second quarter. Federated Hermes Inc. now owns 3,537,729 shares of the utilities provider’s stock valued at $81,014,000 after acquiring an additional 788,457 shares during 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 worth $69,267,000 after purchasing an additional 356,200 shares during the period. ProShare Advisors LLC lifted its stake in UGI by 84.9% in the second quarter. ProShare Advisors LLC now owns 2,445,010 shares of the utilities provider’s stock worth $55,991,000 after purchasing an additional 1,122,766 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in UGI during the second quarter valued at about $53,371,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of UGI by 32.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,327,248 shares of the utilities provider’s stock worth $53,293,000 after buying an additional 566,416 shares during the period. 82.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UGI shares. 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 report on Friday, November 15th. Wells Fargo & Company increased their price target on shares of UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, StockNews.com cut shares of UGI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

UGI Stock Performance

Shares of UGI stock 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 fifty day moving average of $24.27 and a 200 day moving average of $24.06. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 7.81 and a beta of 1.13. UGI Co. has a 52 week low of $21.51 and a 52 week high of $26.15.

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.